Cairo – Mubasher: Aspire Brokerage for Securities and Bonds stated that shareholder Nawaf bin Abdullah bin Ibrahim bin Dayel has reduced his stake in the capital of Electro-Cables Egypt from 5.56% to 4.56%.
The company explained in a statement to the Egyptian Exchange today that the shareholder sold 33 million shares with a total value of EGP 60.32 million, at an average selling price of EGP 1.827 per share.
Electro-Cables Egypt achieved a consolidated net loss after tax of approximately EGP 201.03 million during the period from January to the end of June 2026, compared to a consolidated net profit of EGP 486.42 million during the comparative period of the previous year, taking into account minority interests.
Regarding consolidated revenues, the company achieved approximately EGP 4.32 billion by the end of June 2026, compared to about EGP 6.43 billion in the comparative period of last year.
The company's separate financial statements for the same period showed a net loss after tax of EGP 50.82 million, compared to a separate net profit of approximately EGP 26.45 million in the comparative period of last year.
