Oriental Weavers Carpets Company (S.A.E) reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EGP 3,247 million compared to EGP 2,852 million a year ago. Net income was EGP 211 million compared to EGP 299 million a year ago.
For the six months, sales was EGP 6,511 million compared to EGP 5,615 million a year ago. Net income was EGP 447 million compared to EGP 599 million a year ago.
Oriental Weavers Carpets Company S.A.E is the world's No. 1 in designing, manufacturing and marketing machine woven carpets and rugs. The group provides natural fibers and synthetic fibers woven carpets and rugs, tufted carpets, nonwoven felt rugs, etc.
At the end of 2020, Oriental Weavers Carpets Company S.A.E had 31 production sites worldwide.
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