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Oriental Weavers’ half-year revenue climbs to $260 million
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Oriental Weavers’ half-year revenue climbs to $260 million
Key PointsRevenue rose 17% to $260.2 million, fueled by robust international sales, higher prices, and strong non-woven segment growth.Net profit fell 24% as rising input costs, reduced export rebates, and weak domestic demand pressured margins and cash flow.The Khamis-controlled group eyes margin gains via cost cuts, R&D-led high-margin products, and export growth despite economic headwinds.Cairo-based Oriental Weavers, the global carpet giant …
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