Equity Analysis /

El Sewedy Electric: EL SEWEDY ELECTRIC: Hamrawein & Dabaa dreams fade away - downgrade to Equalweight

    Tellimer Research
    14 August 2018
    Published byTellimer Research
    SWDY reported 2Q18 revenue of EGP10,119mn, down 7% y/y and up 1% q/q. The GPM declined recorded 16.6% versus 19.7% in 2Q17 and 17.3% in 1Q18. Attributable net income came in at EGP972mn, down 35% y/y and 31% q/q.