
El Sewedy Electric reports EPG 8.1bn revenues in Q1 2020, 2.6% decrease in net profits
Company faced challenges that negatively affected performance due to coronavirus, says El Sewedy
Company faced challenges that negatively affected performance due to coronavirus, says El Sewedy
Non-performing loans fell to 6.8% of total, 99% of which are covered by provisions
These results reflect the bank’s successful execution of its strategy, despite the challenging environment, says group’s chairman
Results mark a 7.7% YoY surge
Investment bank’s unconsolidated financial statements show that losses have fallen by 38.8%
1H revenues records EGP 1.56bn
Bank’s net profits jump 55.7% in H1 compared to same period in preceding year
Net profit of subsidiaries’ targeted activities is anticipated to reach EGP 1.7bn
Real estate developer scored net sales of EGP 3.91bn in first half of current year
Net profits value from January to June 2015 stood at QAR 5.6bn ($1.5bn)
82% of group’s revenues were from real estate sector
Meanwhile the bank’s net profits reached EGP 196.97m in the first quarter of 2015, compared to EGP 172.3m during the same period in 2014.
Bank assets to reach EGP 15bn after the approval it received from the CBE