Oriental Weavers Carpets logs 26% YoY higher consolidated profits in 2024
Updated 2/27/2025 10:36:00 AM
Arab Finance: The consolidated net profits attributable to the parent company of Oriental Weavers Carpets surged by 25.97% year-on-year (YoY) to EGP 2.192 billion in 2024, from EGP 1.740 billion in 2023, the financial results showed.
Oriental Weavers Carpets registered consolidated net sales valued at EGP 24.288 billion last year, up from EGP 17.658 billion in 2023.
Non-consolidated net profits after income tax hit EGP 1.931 billion at the end of December 2024, versus EGP 1.145 billion in 2023.
Basic earnings per share (EPS) jumped to EGP 2.72 last year from EGP 1.59 in 2023, while the net sales climbed to EGP 8.426 billion from EGP 7.108 billion.
In the first nine months of 2024, the consolidated profit attributable to the parent company enlarged by 43.69% YoY to EGP 1.862 billion from EGP 1.296 billion.
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