Egypt's El-Sewedy Electric posts 13 pct rise in Q2 net profit

Egypt's El-Sewedy Electric , the largest listed cable maker in the Arab world, on Monday posted a 13 percent increase in net profit for the second quarter of 2014 compared to the same period last year.

Net profit for the quarter ended June 30 was 103.62 million Egyptian pounds ($14.49 million), compared to 91.67 million in the same quarter of 2013, the company said in a statement on the Egyptian stock exchange website.