Cairo – Mubasher: The Egyptian Electric Cables Company announced the award of meter supply orders to Giza Power Industry Company (99.99% owned by it), for the benefit of the companies affiliated with the Egyptian Electricity Holding Company.
The company stated in a disclosure to the Egyptian Exchange today that the total value of these orders amounted to EGP 886.1 million, excluding value-added tax.
The Egyptian Electric Cables Company 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 consideration minority interests.
Regarding consolidated revenues, the company achieved approximately EGP 4.32 billion by the end of June 2026, compared to approximately 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.
