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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