Electro Cable Co SAE - Egypt (ELEC)

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News

1 December 04:53 PM Electro Cable Egypt’s consolidated net profits fall to EGP 526.5m in 9M-25

Cairo - Mubasher: Electro Cable Egypt Company unveiled EGP 526.50 million in consolidated net profits after tax during the first nine months (9M) of 2025, which signaled a year-on-year (YoY) decline from EGP 1.30 billion. The earnings per share …

Financial Results

28 August 06:59 PM Electro Cable’s consolidated net profits fall to EGP 486.5m in H1-25

Cairo - Egypt: Electro Cable Egypt logged lower consolidated net profits at EGP 486.42 million in the first half (H1) of 2025, compared with EGP 1 billion in H1-25. Earnings per share (EPS) halved to EGP 0.15 in H1-25 from EGP 0.30 in H1-24, …

Financial Results

25 March 11:25 AM Electro Cable Egypt sees higher profits in 2024; consolidated revenues cross EGP 13.7bn

Cairo – Mubasher: The consolidated net profit of Electro Cable Egypt hit EGP 1.32 billion in 2024, up year-on-year (YoY) from EGP 1.24 billion. Revenues increased to EGP 13.77 billion last year from EGP 8.67 billion in 2023, according to the …

Financial Results

26 November 2024 11:43 AM Electro Cable Egypt’s sales exceed EGP 10.6bn in 9M-24; net profits leap

Cairo – Mubasher: Electro Cable Egypt posted net profits valued at EGP 1.30 billion in the first nine months (9M) of 2024, compared to EGP 955.41 million in 9M-23. Total consolidated sales hit EGP 10.68 billion as of 30 September 2024, up …

Financial Results

20 August 2024 02:41 PM Electro Cable Egypt logs EGP 1bn consolidated profits in H1-24

Cairo – Mubasher: Electro Cable Egypt registered consolidated net profits amounting to EGP 1 billion in the first half (H1) of 2024, marking a leap from EGP 539.18 million in H1-23. Total revenues reached EGP 6.64 billion in H1-24, higher …

Financial Results

9 June 2024 11:42 AM Electro Cable Egypt’s consolidated profit leaps to EGP 535m in Q1-24

Cairo – Mubasher: Electro Cable Egypt posted a consolidated net profit of EGP 535.32 million in the first quarter (Q1) of 2024, up from EGP 202.17 million in the equivalent period a year earlier. Consolidated sales jumped to EGP 3.07 billion in …

Financial Results

29 February 2024 03:11 PM Electro Cable Egypt logs EGP 1.24bn consolidated net profit in 2023

Cairo – Mubasher: Electro Cable Egypt registered a consolidated net profit after income tax of EGP 1.24 billion in 2023, a surge from EGP 542.24 million a year earlier. Sales leapt to EGP 8.67 billion last year from EGP 5.69 billion in 2022, …

Financial Results

22 November 2023 00:20 PM Electro Cable Egypt’s 9M-23 consolidated net profits exceed EGP 955m

Cairo – Mubasher: Electro Cable Egypt generated consolidated net profits after tax standing at EGP 955.41 million in the first nine months (9M) of 2023, versus EGP 263.25 million in 9M-22, including minority interest. Sales amounted to EGP 5.89 …

Financial Results

22 October 2023 03:19 PM Gadwa lowers stakes in Electro Cable Egypt, Arab Dairy

Cairo – Mubasher: Gadwa for Industrial Development reduced its equity ownership in the shares of Electro Cable Egypt and the Arab Dairy Products Company (Arab Dairy – Panda), according to bourse disclosures. Gadwa sold 202 million shares in …

Corporate Actions

17 August 2023 03:09 PM Electro Cable Egypt posts growth in H1-23 financials; sales cross EGP 3.5bn

Cairo – Mubasher: The consolidated net profit after tax of Electro Cable Egypt reached EGP 539.18 million in the first half (H1) of 2023, higher than EGP 190.54 million in H1-22, including non-controlling equity. The EGX-listed firm posted an …

Financial Results

1 June 2023 09:22 AM Electro Cable Egypt’s consolidated profits exceed EGP 202m in Q1-23

Cairo – Mubasher:  Electro Cable Egypt generated EGP 202.17 million in consolidated net profit after tax during the first quarter (Q1) of 2023, up from EGP 71.53 million in Q1-22, including minority interest. The sales widened to EGP 1.53 billion …

Financial Results

2 March 2023 05:06 PM Electro Cable logs higher consolidated profits in 2022; capital reduction proposed

Cairo – Mubasher: Electro Cable Egypt posted consolidated net profits after tax worth EGP 542.24 million in 2022, an annual leap from EGP 224.62 million, including non-controlling equity. The sales hit EGP 5.69 billion last year, higher than EGP …

Corporate Actions

22 December 2022 00:09 PM Electro Cable Egypt records EGP 52m block trading deal

Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block trading deal worth EGP 52.25 million on the shares of Electro Cable Egypt. The transaction was executed on 110 million of Electro Cable’s shares, according to a statement on Thursday. …

Trading Activities

19 December 2022 00:40 PM Electro Cable Egypt sees block trading deal worth over EGP 111m

Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block trading deal worth EGP 111.62 million on the shares of Electro Cable Egypt. The transaction was executed on 235 million of Electro Cable’s shares, according to a stock exchange …

Trading Activities

18 December 2022 00:16 PM Flourish Investment cuts stake in Electro Cable for EGP 118m

Cairo – Mubasher: Flourish Investment has lowered its ownership in Electro Cable Egypt to 3.01% from 9.99% for a total value of EGP 117.91 million. Flourish Investment has sold 248.25 million shares in Electro Cable at an average price of 0.47 per …

Companies Investments

18 December 2022 11:06 AM Electro Cable sees EGP 117.8m block trading deal

Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block trading transaction worth EGP 117.80 million on the shares of Electro Cable Egypt. The transaction has been carried out on 248 million of Electro Cable’s shares, according to an …

Companies Investments

14 November 2022 05:22 PM Electro Cable’s consolidated profits exceed EGP 263m in 9M-22

Cairo – Mubasher: Electro Cable Egypt reported consolidated net profits after tax worth EGP 263.25 million in the first nine months (9M) of 2022, versus EGP 147.26 million in 9M-21, including minority shareholders' rights. Revenues surged to EGP …

Financial Results

1 June 2022 01:49 PM Electro Cable reports EGP 71.5m profits in Q1-22

Cairo – Mubasher: The consolidated net profits of Electro Cable Egypt hiked to EGP 71.53 million in the first quarter (Q1) of 2022, compared to EGP 9 million in the year-ago period. The company generated revenues of around EGP 1.06 billion in …

Financial Results

20 February 2022 01:07 PM Electro Cable Egypt inks EGP 450m financing contract

Cairo – Mubasher: Electro Cable Egypt has signed an EGP 450 million financing contract with the Housing and Development Bank (HD Bank). The company seeks to finance the increasing demand for its contracting products and services, which are in line …

Banking and Finance

30 December 2021 02:50 PM Electro Cable sees EGP 122.5m block trading deal

Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block-trading transaction on 285 million of Electro Cable Co's shares. The deal was valued at EGP 122.55 million, according to a bourse filing on Thursday. It is noteworthy to mention that …

Companies Investments

6 October 2021 05:07 PM Pioneers Holding transfers subsidiary stakes to two spin-off firms

Cairo – Mubasher: Pioneers Holding Company for Financial Investment has offloaded stakes in its subsidiaries to its two spin-off firms as part of the horizontal spin-off process, according to separate bourse disclosures on Wednesday.  Gadwa …

Insider Trading & Treasury Stocks

5 October 2021 00:43 PM Pioneers Holding's subsidiaries see block-trading deals on Tuesday

Cairo – Mubasher: The Egyptian Exchange (EGX) on Tuesday announced the execution of block-trading deals on the shares of several listed subsidiaries of Pioneers Holding Company for Financial Investment as part of the horizontal spin-off process. …

Company News

27 June 2021 01:28 PM Pioneers Holding gets FRA's approval to proceed with restructuring plan

Cairo - Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of a disclosure form submitted by Pioneers Holding Company to proceed with the restructuring procedures.  The disclosure form includes the board of …

Corporate Actions

13 June 2021 05:31 PM Electro Cable achieves EGP 9m in Q1 net profits

Cairo – Mubasher: Electro Cable Egypt recorded a consolidated net profit of EGP 9 million during the first three months of 2021, about 71% higher than EGP 5.26 million in the same period last year. Revenues surged to EGP 432.66 million in the …

Financial Results

8 March 2021 00:15 PM Electro Cable Co's board approves land sale to Cairo Leasing Corporation

Cairo – Mubasher: Electro Cable Co’s board of directors approved the sale of the land plot no. 31 and the buildings located on it in the eighth industrial zone in Sadat City, El-Menofia Governorate, to Cairo Leasing Corporation. The decision will …

Corporate Actions