Electro Cable Egypt unit wins supply order worth over $16 million
Electro Cable Egypt's Egyptian Transport and Distribution unit won a meter supply contract from the Egyptian Electricity Holding Company, according to Reuters.
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what happened
Electro Cable Egypt's subsidiary, Egyptian Transport and Distribution, has won a contract to supply meters to the Egyptian Electricity Holding Company, according to a filing with the bourse, Reuters reports. The combined value of the orders reached EGP 886.094 million, before value-added tax.
The group, whose shares are traded on the exchange, posted a consolidated net loss attributable to shareholders of EGP 200.833 million at the end of June 2026. In the first half of 2025 the same group had earned EGP 487.121 million.
why it matters
The order is modest in size, but the swing from profit to loss is the more important detail for investors. Steady government supply contracts for power networks give predictable workload, yet the loss in the first half of 2026 points to problems the company still has to resolve.
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sources
- ZAWYA: Electro Cable Egypt’s unit awarded over $16mln supply order deal — Reuters, 23 October 2026 at 04:10 UTC
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