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El Sewedy FY13 net profit decline 7.8% to EGP 135 mln

El Sewedy FY13 net profit decline 7.8% to EGP 135 mln
Elsewedy Electric
SWDY
-5.79% 35.00 -2.15
El Sewedy Electric (SWDY) consolidated financial results for the fiscal year that ended on December 31, 2013 reported a decline by 7.8% in net profit to EGP 134.5 million, down from EGP 146 million in 2012.
Standalone financial results showed EGP 149.2 million net loss against net profit of EGP 296 million reported in 2012.