Al-Nasr Transformers & Electric Products (ELMACO) board approved the company's financial statements for the six-month period that ended on June 30, 2014.
According to these statements, the company posted EGP 8.2 million net profit, with a decline by 22% compared with EGP 10 million net profit in H1-13.
H1 sales reached EP 134.5 million, compared with EGP 183.3 million in the year-ago period. Financial results for Q1-FY14 showed that the company's net profit decreased by 45% to EGP 2.2 million, compared to net profit of EGP 4 million in Q1-FY13.
ELMACO operates with issued and paid-in capital of EGP 39.9 million, divided into 39.9 million shares at EGP 1 par value each.