Wednesday, June 8, 2011

Despite profit declines - good time to buy shares of ElSewedy Electric?

On April 7, 2011, EFG Hermes produced its fourth quarter earning?s report on ElSewedy Electric, reiterating a ?buy? rating for the Egypt-based company. ElSewedy Electric, the leading integrated cable and electrical products manufacturer in the Middle East, has over 10,000 employees and 30 production facilities in more than 15 countries worldwide. 

ElSewedy Electric reported net profit in 2010 totaling EGP 796 million, up 26% from 2009
� 2011 Al Bawaba (www.albawaba.com)

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Source: http://www1.albawaba.com/main-headlines/despite-profit-declines-good-time-buy-shares-elsewedy-electric

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