Thndr Claps » EGY Claps » Industrials 🏗 » El Sewedy Plans to Expand to Burkina Faso; Approves Earnings🌍
El Sewedy Electric (SWDY) announced its plans to open branches in Burkina Faso, & approved its 2021 financial statements.
More Details🧐 SWDY agreed to establish branches in Burkina Faso with the aim of carrying out all activities approved by authorities.
The company also approved its Q4-2021 earnings, as well as for the entire year of 2021.
SWDY reported net profits of EGP 1.2 billion in Q4-2021, a 4.3% year-over-year decrease. Its 2021 consolidated profits amounted to EGP 3.5 billion, a 16.7% year-over-year increase.
Why this Matters🤔 SWDY was down 0.53% at the end of yesterday’s trading session.
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