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RSS FeedsOriental Weavers Q2 2017 Earnings Release
(World News Egypt)

 
 

26 july 2017 11:41:32

 
Oriental Weavers Q2 2017 Earnings Release
(World News Egypt)
 


Earnings Release 2Q 2017/1H2017 2Q 2017 Top Line and EBITDA Figures Strengthened by 50%+ y-o-y C AIRO, July 26, 2017 - Oriental Weavers Carpet Company [ORWE EY; ORWE.CA], one of the world`s largest machine-made rug and carpet manufacturers, reported today its financial results for 1H 2017 ending June 30, 2017. A message from our founder, Mr Mohamed Farid Khamis, to shareholders: "We finish the first half of 2017 with record results - a new benchmark for which we can be proud, with the top line and EBITDA figures increasing by more than 50% y-o-y in 2Q 2017, in line with market consensus. This is a result of a gradual recovery in exports, in dollar terms, while our response to the EGP...


 
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