HC expects further growth for ELSWEDY CABLES

HC expects further growth for ELSWEDY CABLES (17 Dec. 2007)


Arab Finance: HC brokerage declared that ELSWEDY CABLES achieved a remarkable growth of 86 %, in the net sales, on an annual basis by the end of the first 9 months of this year, recording LE 7.2 billion, where the Electrical cable sector contributed 51.7% of the total net sales comparable with 54.4% by the end of the first 9 months of last year.

Imports represented 59% of the net sales during the first 9 months of 2007 compared to 15.5% during the first 9 months of 2006.

HC expects that the company has a further great growth potential in the production capacity during 2009.

From another perspective; HC also said that ELSWEDY CABLES share is trading at P/E multiples of 19.69x while the market is trading at P/E multiples of 18.78x

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El Shams Housing calls for an EGM

El Shams Housing calls for an EGM (17 Dec. 2007)


Arab Finance: El Shams Housing & Urbanization calls for an EGM on December 30th, 2007 to discuss using the company's retained earnings and general reserves to cover the financial damages resulted from the legal judgments against the company.

MobiNil declares cash dividend

MobiNil declares cash dividend (17 Dec. 2007)


Arab Finance: Egyptian Company for Mobile Services (MobiNil) (EMOB.CA) declares cash dividend of LE 6.23 per share, payable on 03/01/2007, to shareholders owning the shares as of 30/12/2007.

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