Elsewedy Electric assures continuity of Sudan operations, which represent only 1% of earnings
Elsewedy Electric (SWDY) [SWDY.CA] announced that the operations of both its transformers and cable plants in Sudan have not been suspended because of the country’s political turbulence. The company also stated that its activities in Sudan only accounted for 1.1% of its 2018 earnings.
Elsewedy Electric: EGP16.16 as of 16 Apr. 2019, Rating: Buy, TP: EGP23.00/share, MCap: USD2,044mn, SWDY EY/SWDY.CA
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