El Sewedy Electric : ELSEWEDY ELECTRIC Net Profit Records a 209% Y-o-Y Increase in FY 2016 to EGP 3.9 billion; 4Q 2016 Revenues up 104% with Bottom-line up more than five-fold

ELSEWEDY ELECTRIC (SWDY.CA on the Egyptian stock exchange), the leading Wires & Cables and Integrated Energy Solution Provider in the Middle East and Africa, announces its consolidated financial results for the full-year ending 31 December, 2016, reporting a net profit after minority interest of EGP 3,853 million, up 209% y-o-y, on revenues of EGP 24,645 million and yielding a Net Profit Margin (NPM) of 16%, a nine-point improvement compared to FY 2015. On a quarterly basis, the company posted record revenues of EGP 9,217 million in 4Q 2016, up 104% y-o-y and filtering into a bottom-line of EGP 1,502 million for the quarter, an impressive 431% y-o-y increase.