Cairo – Mubasher: The consolidated financial statements of Oriental Weavers Carpet reported an increase of 7.8% in profits during the first quarter of 2019 compared to the same period last year.
Net profits surged to EGP 220.29 million in Q1-19 from EGP 204.42 million in Q1-18, according to a bourse disclosure to the Egyptian Exchange (EGX) on Monday.
Oriental Weavers achieved an increase of 3.81% in sales to EGP 2.602 billion in Q1-19 from EGP 2.5207 billion in the first three months a year ago.
As for the standalone financials, the EGX-listed company posted a growth of 28.5% in profits to EGP 115.27 million in Q1 this year from EGP 89.7 million in the same period last year.
