Oriental Weavers posts EGP 2.5bn consolidated profits in 2024
The initiatives are expected to reduce carbon emissions, create job opportunities, and strengthen Egypt’s competitiveness in global markets by expanding local production and exports
Egytex News Desk
Egytex
Cairo – Mubasher: Oriental Weavers achieved consolidated net profits after tax valued at EGP 2.54 billion in 2024, compared to EGP 1.89 billion a year earlier, according to the financial results.
Net sales hiked to EGP 24.28 billion in the 12-month period that ended on 31 December 2024 from EGP 17.65 billion in 2023.
The EGX-listed firm registered standalone net profits after tax worth EGP 1.93 billion last year, compared to EGP 1.14 billion in 2023.
Non-consolidated earnings per share (EPS) climbed to EGP 2.72 at the end of December 2024 from EGP 1.59 in the year-ago period. The sales hiked to EGP 8.42 billion from EGP 7.10 billion.
In the six-month period that ended on 30 June 2024, the consolidated net profits after soared to EGP 1.47 billion from EGP 733.39 million in H1-23.
From the Egytex news archive, first published on 7 May 2025. Figures and names are as reported at the time.
