Elsewedy Electric’s consolidated profits rise 72.65% YoY in 2024

Elsewedy Electric (SWDY) reported a 72.65% year-on-year (YoY) increase in consolidated net profits attributable to the parent company in 2024 to EGP 17.464 billion, compared to EGP 10.116 billion, as per a filing. Consolidated revenues came in at EGP 231.981 billion last year, up from EGP 152.186 billion a year earlier.