Egypt’s Oriental Weavers profits drop in 9 months

Egypt’s Oriental Weavers for carpets, rugs, and related raw material products reported a drop in its profits for the first nine months of 2023.

The firm’s standalone net profit reached 1,046,170,146 Egyptian pounds during the first 9m of the year.

The company’s net profit went down from 1,049,447,035 pounds recorded during the same period last year.