Oriental Weavers Carpets Company (S.A.E) Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
Oriental Weavers Carpets Company (S.A.E) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EGP 4,256.5 million compared to EGP 3,246.51 million a year ago. Net income was EGP 289.83 million compared to EGP 211.1 million a year ago. Basic earnings per share from continuing operations was EGP 0.1 compared to EGP 0.16 a year ago.
For the six months, sales was EGP 8,398.8 million compared to EGP 6,511.47 million a year ago. Net income was EGP 700.45 million compared to EGP 447.36 million a year ago. Basic earnings per share from continuing operations was EGP 0.93 compared to EGP 1.12 a year ago.