Cairo – Mubasher: Oriental Weavers Carpet logged consolidated net profits of EGP 607.904 million in the first nine months of 2020, slightly up from EGP 597.367 million in the year-ago period.
Meanwhile, the company’s sales retreated to EGP 6.667 billion in the January-September period from EGP 7.583 billion in the corresponding period a year earlier, according to a bourse disclosure on Sunday.
As for standalone business, the company achieved net profits of EGP 596.26 million in the nine-month period ended 30 September, up from EGP 499.76 million in the same period in 2019.
During the first six months of 2020, the company’s net profits registered EGP 266.358 million, down from EGP 461.829 million in the prior-year period.
