ELSEWEDY ELECTRIC announces a record year for FY 2015 with Revenues reaching an all time high of EGP 20.6 billion, achieving a Net Profit after Minority of EGP 1.245 billion.
ELSEWEDY ELECTRIC (SWDY.CA on the Egyptian stock exchange), the leading Wire & Cable and Integrated Energy Solution Provider in the Middle East and Africa, announced its consolidated financial results for Full year 2015 ended December 31st, 2015.
Q4 2015 versus Q4 2014:
• Consolidated revenues in Q4 2015 increased by 20% to reach EGP 5.1 billion versus EGP 4.2 million in Q4 2014.
• Gross profit in Q4 2015 increased by 34% to reach EGP 799 million versus EGP 598 million in Q4 2014.
• EBITDA in Q4 2015 increased by 14% to reach EGP 524 million versus EGP 460 million in Q4 2014.
• Net profit after Minority reached EGP 283 million during Q4 2015 versus EGP 93 million during Q4 2014.
FY 2015 versus FY 2014
• Consolidated revenues increased by 21% to reach EGP 20.6 million for FY 2015, versus EGP 17.0 million in FY 2014.
• Gross profit increased by 28% to reach EGP 3.310 billion during FY 2015, versus EGP 2.583 billion in FY 2014.
• EBITDA surged by 67% to reach EGP 2.304 billion in FY 2015, versus EGP 1.378 billion in FY 2014.
• Net profit after Minority Interest increased by 209% reaching EGP 1.245 billion in FY 2015 versus EGP 403 million for FY 2014.
