Egypt's Sewedy sees '09 profit flat or slightly lower

CAIRO Nov 23 (Reuters) - Egypt's El Sewedy Cables (SWDY.CA) said on Monday it expects net profit for 2009 to remain flat or be slightly lower than 2008.

"Bottom line in 2009 will be either flat or slightly lower compared to 2008," Ahmed El Sewedy, chief executive officer, said in a conference call. (Reporting by Sherine El Madany) ((sherine.elmadany@reuters.com; Cairo Newsroom; +20 2578 3290/1; Reuters Messaging: sherine.elmadany.reuters.com@reuters.net))