Oriental Weavers Carpet (ORWE)

Cairo – Mubasher: Oriental Weavers has posted a consolidated net profit after tax of EGP 557.58 million during the first quarter (Q1) of 2024, up from EGP 403.52 million in the equivalent period of last year. Net sales surged to EGP 5.03 billion …

Cairo – Mubasher: Oriental Weavers unveiled annual cash dividends valued at EGP 1.25 per share for 2023, according to a bourse disclosure. The EGX-listed company indicated that the payment date for the dividends will be 30 April 2024. Last year, …

Cairo – Mubasher: Oriental Weavers posted a net consolidated profit after income tax of EGP 1.89 billion in 2023, a surge from EGP 944.17 million a year earlier. Net sales soared to EGP 17.65 billion last year from EGP 13.25 billion in 2022, …

Cairo – Mubasher: The consolidated net profits after tax of Oriental Weavers soared year-on-year (YoY) to EGP 1.38 billion in the first nine months (9M) of 2023 from EGP 583.74 million, including minority interest. Net sales enlarged to EGP 12.87 …

Cairo – Mubasher: Oriental Weavers sold its 0.70% equity in the National Bank of Kuwait - Egypt (NBK Egypt), according to a bourse discourse. The EGX-listed firm indicated that this step aligns with its plans to focus on activities related to the …

Cairo – Mubasher: Oriental Weavers posted consolidated net profits after tax valued at EGP 733.39 million in the first half (H1) of 2023, higher by 51.30% than EGP 484.63 million a year earlier, including minority interest. Net sales hiked by 29% …

Cairo – Mubasher: Oriental Weavers achieved higher consolidated net profits after tax worth EGP 403.52 million in the first quarter (Q1) of 2023, compared to EGP 260.05 million in Q1-22. Net sales soared to EGP 4.14 billion during the …

Cairo – Mubasher: The ordinary general meeting (OGM) of Oriental Weavers Carpet greenlighted, on 2 April, a cash dividend of EGP 0.60 per share for 2022. Eligible shareholders will receive the dividend in May 2023, according to a bourse …

Cairo – Mubasher: Oriental Weavers Carpet generated EGP 944.17 million in consolidated net profits after tax in 2022, lower than EGP 1.21 billion in 2021, including non-controlling equity. The EGX-listed firm registered sales worth EGP 13.25 …

Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block trading deal worth EGP 1.37 billion on the shares of Oriental Weavers Carpet. The transaction was executed on 163.74 million of the company's shares, according to a stock exchange …

Cairo – Mubasher: Oriental Weavers Carpet has announced consolidated net profits of EGP 583.74 million in the first nine months (9M) of 2022, a decrease of 39.20% from EGP 960.24 million in the year-ago period.  On the other hand, the company’s …

Cairo – Mubasher: The board of directors of Oriental Weavers Carpet agreed to exit from its existing investments in China. Hence, the EGX-listed firm will accept the submitted offer to sell its entire stake in Oriental Weavers China, according to …

Cairo – Mubasher: Oriental Weavers Carpet has joined the United Nations (UN) Global Compact, the world’s largest voluntary corporate sustainability initiative. This membership reflects the company's commitment to the ten main principles of the …

Cairo – Mubasher: The consolidated net profits of Oriental Weavers Carpet retreated by 24.22% year-on-year (YoY) to EGP 260.05 million in the first quarter (Q1) of 2022, compared to EGP 343.19 million. The company's revenues amounted to EGP 3.26 …

Cairo – Mubasher: The ordinary general meeting (OGM) of Oriental Weavers Carpet has approved a cash dividend distribution of EGP 1 per share for 2021. It is noteworthy to mention that in 2021, the company's consolidated net profits increased by 9% …

Cairo – Mubasher: The board of Oriental Weavers Carpet has approved setting up four new sales branches in Egypt. The showrooms will be inaugurated in Dakahlia’s Mansoura, Sheikh Zayed City in Giza, Badr in El-Beheira, and El-Qanater El-Khayreya in …

Cairo – Mubasher: The consolidated net profits of Oriental Weavers Carpet increased by 9% to EGP 1.21 billion in 2021, compared to EGP 1.11 billion in 2020, including minority shareholders' rights. The company's sales retreated to EGP 11.4 billion …

Cairo – Mubasher: Oriental Weavers Carpet targets $15 million investments as part of the company's plan for 2022. The company will also equip some factories with new looms and machines and raise their efficiency to increase production, according …

Cairo – Mubasher: The Egyptian Exchange (EGX) has announced an EGP 300.213 million trading block deal on the shares of Oriental Weavers Carpet. The block deal was implemented on 37.063 million of the company's shares, according to a bourse filing …

Cairo – Mubasher: Oriental Weavers Carpet will consider selling or liquidating its subsidiary in China, according to a bourse filing on Wednesday. The company has authorised the executive management to conduct a study and make a decision on …

Cairo – Mubasher: Oriental Weavers Carpet recorded consolidated net profits of EGP 960.24 million in the first nine months of 2021, a surge of 57.9% year-on-year (YoY) from EGP 607.904 million, including minority shareholders' rights.  The net …

Cairo – Mubasher: Oriental Weavers Carpet said that the Egyptian government has been implementing a new export subsidy disbursement programme from 1 July 2020 to 30 June 2023. The average export subsidies for Oriental Weavers reach 7.5% in the …

Cairo – Mubasher: Oriental Weavers Carpet reported net profits of EGP 669.5 million in the first half (H1) of 2021, up by 151.4% year-on-year (YoY) from EGP 266.358 million, including minority shareholders' rights. The net profits attributable to …

Cairo - Mubasher: The board of directors of Oriental Weavers Carpet approved the authorisation of the Managing Director and CEO, Salah Abdel Aziz, to sign a promissory note worth EUR 5 million ($5.93 million) with Attijariwafa Bank. The CEO was …

Cairo – Mubasher: Oriental Weavers Carpet achieved a consolidated net profit of EGP 343.19 million during the first quarter (Q1) of 2021, higher 73% compared to EGP 197.95 million in Q1-20, according to a bourse disclosure on Sunday. The net …