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Egypt's Oriental Weavers 9-months net profit falls 23 per cent

World's biggest carpet maker sees net gains tumble to LE185.5 million

Sunday 20 Nov 2011
Views: 1290
Views: 1290

Egypt's Oriental Weavers, the world's biggest machine-woven carpet maker, posted a 23 per cent drop in its nine month net profit to LE185.5 million, the stock exchange said on Sunday.

Net profit for the same period a year earlier was LE241.8 million, the bourse statement said.

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