Electro Cable Egypt reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EGP 1,243.71 million compared to EGP 701.81 million a year ago. Net income was EGP 119.01 million compared to EGP 99.47 million a year ago. Basic earnings per share from continuing operations was EGP 0.034 compared to EGP 0.028 a year ago.
For the six months, sales was EGP 2,311.94 million compared to EGP 1,134.47 million a year ago. Net income was EGP 190.54 million compared to EGP 108.47 million a year ago. Basic earnings per share from continuing operations was EGP 0.054 compared to EGP 0.031 a year ago.