Elsewedy Electric Co SAE News - Mubasher Info
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06 April 11:26 AM

Elsewedy Electric Co SAE (SWDY)

Last update: 11:06 AM market time.
79.08
0.08
0.10%
Open 79.00
Previous Close 79.00
High 79.31
Low 78.80
Stock Statistics
Volume 19,298
Turnover 1,526,747.38
All data are 15 minutes late during market session

News

Photo Credit: Arabianeye-Reuters
24 December 2015 00:03 PM Sewedy to spend EGP 233m on JV with Siemens, Egypt
Cairo - Mubasher: El Sewedy Electric said it will invest EGP 233 million as part of an alliance with Germany’s Siemens and the Egyptian Electricity Transmission Company (EETC) to establish a set of power stations in Egypt. The joint venture's (JV) …
Companies Investments
Photo Credit: Arabianeye - Reuters
22 December 2015 05:25 PM Siemens-El Sewedy consortium to build 6 power plants in Egypt
Cairo – Mubasher: A consortium comprises of Germany’s Siemens and Egypt’s El Sewedy Electric signed an agreement with the Egyptian Electricity Transmission Company (EETC) to build six power transformation plants at an output capacity of 550,220 …
Macroeconomics
Photo Credit: Arabianeye - Reuters
9 December 2015 00:26 PM El Sewedy Electric may post 200m profits in Q4 - Pharos
Cairo - Mubasher: El Sewedy Electric is forecasted to report net profits of EGP 200 million in the fourth quarter of 2015, said a recent report compiled by Pharos Research. El Sewedy already achieved an attributable net income of EGP 962.3 million …
Stock Evaluations
Photo Credit: Arabianeye - Reuters
2 December 2015 09:42 AM El Sewedy Electric 9M consolidated profit soars 230.7%
Cairo – Mubasher: El Sewedy Electric, a manufacturer of cable and home appliance, said Wednesday it posted a surge of 230.7% in consolidated net profit or the first nine months of 2015. The company, in a filing to Cairo bourse, said nine-month …
Financial Results
Photo Credit: Arabianeye - Reuters
30 November 2015 11:18 AM Elsewedy denies signing contract with Redcon Real Estate
Cairo - Mubasher: Elsewedy Electric dismissed the news circulating it has signed an agreement with Redcon for Real Estate Development, to develop a mall. Previous news reports claimed that Tarek EL Gamal Chairman of Redcon has signed partnership …
Corporate Actions
Photo Credit: Arabianeye - Reuters
22 November 2015 04:11 PM Egypt signs power plant deal with Siemens, El Sewedy
Cairo – Mubasher: The Egyptian government signed Sunday two agreements for Beni Suef power plant with a consortium led by Germany’s Siemens and Egypt’s El Sewedy Electric, at a total value reaching EUR 2 billion. The signing ceremony was attended …
Companies Investments
Photo Credit: Arabianeye - Reuters
2 September 2015 11:22 AM El Sewedy profits boosted by revenues, turnkey – MubasherTrade
Cairo – Mubasher: The research team at MubsherTrade said, in a report issued Wednesday, it maintained the target price of El Sewedy Electric at EGP 58.55 per share, reiterating a ‘Buy’ recommendation. El Sewedy posted a surge by 249.8% in net …
Stock Evaluations
Photo Credit: Arabianeye - Reuters
2 September 2015 10:42 AM NBK Capital sets El Sewedy Electric FV at EGP 54/shr
Cairo-Mubasher: NBK Capital MENA Research set El Sewedy Electric fair value (FV) at EGP 54/shr, with a Hold recommendation. El Sewedy Electric numbers in the second quarter of 2015, beat NBK Capital forecasts on much higher recognition of revenue …
Stock Evaluations
Photo Credit: Arabianeye - Reuters
1 September 2015 10:33 AM Elsewedy Electric H1 profits up near two-fold
Cairo-Mubasher: Elsewedy Electric Co. half-year net profits jumped 249.8% to EGP 805 million, up from EGP 230 million for the comparable period in the previous year. Meanwhile, the company's unconsolidated financial statements reflected net …
Financial Results
Photo Credit: Arabianeye - Reuters
28 July 2015 04:12 PM El Sewedy’s unit wins 160m euros supply deal
Cairo – Mubasher: El Sewedy Electric announced on Tuesday that Iskraemeco Slovenia, subsidiary, won a contract worth 160 million euros (EGP 1.38 billion) to supply ‘smart’ meters to four Dutch power companies. The supply agreement expires in 2020, …
Company News
Photo Credit: Arabianeye - Reuters
13 July 2015 03:33 PM MubasherTrade starts El Sewedy with ‘Buy’, EGP58.55/share FV
Cairo – Mubasher: The research team at MubasherTrade initiated coverage on El Sewedy Electric, setting the stock fair value at EGP 58.55 and placing a ‘Buy’ recommendation. El Sewedy is well-positioned to capitalize on growing demand from …
Company News
Photo Credit: Arabianeye - Reuters
9 July 2015 11:17 AM El Sewedy says completed Ataqa plant ahead of schedule
Cairo – Mubasher: El Sewedy Electric, an Egypt-based producer of home appliances and cables, announced in a joint statement with Siemens the completion of Ataqa power plant in a record time. The plant construction was finalised in six months, …
Company News
Photo Credit: Arabianeye - Reuters
25 June 2015 11:45 AM NBK Capital ups El Sewedy Electric FV to EGP54/share
Cairo – Mubasher: NBK Capital, in a report issued Thursday, raised its fair value estimate for Egypt’s home appliance and cable producer El Sewedy Electric to EGP 54 per share, with a 12% upside potential, maintaining its ‘Hold’ recommendation. …
Company News
Photo Credit: Arabianeye - Reuters
9 June 2015 10:18 AM El Sewedy Electric Q1 profits more than double
Cairo – Mubasher: El Sewedy Electric, a leading producer of home appliance and cables, said it posted a 111.6% surge in consolidated net profits for the first quarter of 2015.The company generated EGP 267.7 million in net profit, up from EGP 126.5 …
Financial Results
Photo Credit: Arabianeye - Reuters
4 June 2015 10:39 AM El Sewedy, Siemens to build 2bn euros power plant
Cairo – Mubasher: Egypt’s home appliance and cable producer El Sewedy Electric signed an agreement worth 2 billion euros with Germany’s Siemens for the supply, design and accomplishment of a new power generation plant in Beni Suef Governorate.The …
Company News
Photo Archive
31 May 2015 11:15 AM El Sewedy starts power production at Attaqa plant
Cairo – Mubasher: El Sewedy Electric has begun production at its Attaqa power plant in Suez Governorate ahead of schedule, the company said Sunday in a filing to the Egyptian Exchange (EGX).The company said it finished the project in record time …
Company News
Photo Archive
21 May 2015 11:28 AM El Sewedy Electric wins EGP 4.2m power plant tender
Cairo – Mubasher: Home appliance and cable producer El Sewedy Electric said that its subsidiary, El Sewedy Power System Projects Co., has been awarded a tender worth EGP 4.2 million ($32 million) to build a power transformers plant in Gulf of …
Corporate Actions
Photo Credit: Arabianeye-Reuters
21 April 2015 09:52 AM El-Sewedy Electric shareholders OK dividends
Cairo – Mubasher: Shareholders of El-Sewedy Electric Co. gave a nod to distributing dividends of EGP 1 per share at total amount of EGP 223.4 million for 2014.The company reported net profits of EGP 445 million for 2014, compared with EGP 134.5 …
Corporate Actions
Photo Credit: Arabianeye-Reuters
2 April 2015 01:28 PM ElSewedy Electric to execute Samalout line bid
Elsewedy Electric Co. awarded, among other three firms, a tender to execute execute Samalout, Menya electricity line.The Egyptian listed company expects to sign the deal final contract by next week, said ElSewedy in a bourse statement.The three …
Corporate Actions
Photo Credit: Arabianeye-Reuters
30 March 2015 11:19 AM El Sewedy Electric proposes EGP223.4m cash dividends
Cairo-Mubasher: Home appliance producer El Sewedy Electric said its board of directors has recommended the distribution of cash dividends at EGP 223.4 million, or EGP 1 per share.On Monday, the company posted its consolidated financial results for …
Corporate Actions
Photo Credit: Arabianeye-Reuters
30 March 2015 10:44 AM El Sewedy Electric FY14 profits surge 231%
Cairo-Mubasher: Egypt’s home appliance and cable producer El Sewedy Electric posted on Monday its consolidated financial results for the fiscal year 2014, which showed a 231% surge in net profits to EGP 445 million, up from EGP 134.5 million a …
Financial Results
Photo Credit: Arabianeye-Reuters
23 March 2015 00:07 PM El-Sewedy says still studying Gebel El-Zeit wind plant
Egypt's largest-listed cable maker, El-Sewedy Electric Co., is still studying the feasibility of a wind energy project in Gebel El-Zeit, the company said in a bourse statement.El-Sewedy said the project's cost hasn't been determined yet. …
Company News
Photo Credit: Arabianeye-Reuters
10 March 2015 01:24 PM Siemens, ElSewedy to supply Ataka Power Plant with four turbines
Siemens Co. announced on Tuesday that it will supply four turbines to Attika Power Plant. The German industrial group has been awarded a contract to supply four E-Class turbines to Egypt's Ataka Power Plant near Suez City, under a supply …
Company News
6 January 2015 01:10 PM 175 companies qualified for new energy projects in Egypt
Egypt’s Minister of Electricity Mohamed Shaker announced that 175 companies from 18 countries had qualified for new and renewable power projects with a combined capacity of 4,300 megawatts (MW).Companies in solar projects …
General News
6 January 2015 10:35 AM Seven banks agree to provide Elsewedy with $650m loan
Aconsortium of seven banks including Commercial International Bank, National Bank of Egypt, Banque du Caire, Banque Misr, Arab African Bank, National Bank of Abu Dhabi and Qatar National Bank have agreed to provide …
Company News