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Electro Cable sees profit rise in H1

Electro Cable sees profit rise in H1

ArabFinance: Electro Cable Egypt (ELEC) announced, in a statement sent to EGX, the financial results for the fiscal period starting January 1, 2019, and ending June 30, 2019.

The company posted consolidated net profits of EGP 85.95 million, rising from EGP 40 million in the same period last year.

Moreover, it posted standalone net profits of EGP 21 million in the six-month period of 2019, compared to EGP 11.6 million profits recorded in the year before.

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