Oriental Weavers: Q3 Net Profit Dips to EGP71.19mn

By Yomna Yasser On Nov 13, 2014

Egypt’s leading carpet manufacturer, Oriental Weavers said on Thursday its third-quarter net profit had nudged down to 71.19 million Egyptian pounds ($10 million) from 72.26 million a year earlier.

The carpetmaker (ORWE.CA) said in a statement that sales had grown to 1.50 billion pounds in the quarter from 1.28 billion a year earlier.

Source: Reuters

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