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Oriental Weavers Carpet Co SAE (ORWE.CA)

ORWE.CA on The Egyptian Exchange

5.43EGP
15 Sep 2020
Change (% chg)

£0.04 (+0.74%)
Prev Close
£5.39
Open
£5.43
Day's High
£5.45
Day's Low
£5.37
Volume
1,162,199
Avg. Vol
1,807,270
52-wk High
£7.40
52-wk Low
£4.50

Latest Key Developments (Source: Significant Developments)

Oriental Weavers Carpet Q2 Consol Profit Falls
Sunday, 16 Aug 2020 

Aug 16 (Reuters) - ORIENTAL WEAVERS CARPET CO ::Q2 CONSOL NET PROFIT ATTRIBUTABLE EGP 53.3 MILLION VERSUS EGP 214.2 MILLION YEAR AGO.Q2 CONSOL NET SALES EGP 1.81 BILLION VERSUS EGP 2.63 BILLION YEAR AGO.  Full Article

Oriental Weavers Says China Facility Shut Down Since Beginning Of February
Monday, 24 Feb 2020 

Feb 24 (Reuters) - ORIENTAL WEAVERS CARPET CO ::DUE TO CORONAVIRUS, CHINA FACILITY HAS BEEN SHUT DOWN SINCE BEGINNING OF FEBRUARY.DURATION OF CHINA FACILITY SHUTDOWN IS UNKNOWN AT THIS TIME.MANAGEMENT IS KEEPING A CLOSE EYE ON SITUATION.TOTAL CAPEX FOR 2020 IS PLANNED TO BE WITHIN RANGE OF $8-10 MILLION.EXPECT TO SEE IMPRESSIVE NUMBERS IN Q1 2020 FROM SAUDI ARABIA SALES.  Full Article

Egypt's Oriental Weavers Carpet FY Consol Profit Rises
Sunday, 23 Feb 2020 

Feb 23 (Reuters) - ORIENTAL WEAVERS CARPET CO SAE ::FY CONSOL NET PROFIT EGP 855.1 MILLION VERSUS EGP 550.2 MILLION YEAR AGO.FY CONSOL NET PROFIT ATTRIBUTABLE EGP 774.8 MILLION VERSUS EGP 503.7 MILLION YEAR AGO.FY CONSOL NET SALES EGP 10.13 BILLION VERSUS EGP 10.40 BILLION YEAR AGO.  Full Article

Oriental Weavers Carpet Board Proposes FY Dividend
Sunday, 23 Feb 2020 

Feb 23 (Reuters) - ORIENTAL WEAVERS CARPET CO ::BOARD PROPOSES FY CASH DIVIDEND OF EGP 1.50 PER SHARE.  Full Article

Egypt's Oriental Weavers Carpet Updates On Impact Of Coronavirus
Sunday, 16 Feb 2020 

Feb 16 (Reuters) - ORIENTAL WEAVERS CARPET CO SAE ::UPDATES ON IMPACT OF CORONAVIRUS.SAYS UNIT OW CHINA CONTRIBUTES 1% OF CO'S TOTAL REVENUE.SAYS CHINA REPRESENTS 20% OF CO'S SALES, CORONAVIRUS PROVIDES OPPORTUNITY TO FIND NEW EXPORTS MARKETS.RAW MATERIALS FROM CHINA AMOUNT TO 5% OF TOTAL RAW MATERIAL IMPORTS, LOOKING FOR SUPPLIERS IN INDIA AND TURKEY.  Full Article

Oriental Weavers Carpet Units Sign Settlement Deal With Ministry Of Finance And Ministry Of Trade & Industry
Tuesday, 11 Feb 2020 

Feb 11 (Reuters) - ORIENTAL WEAVERS CARPET CO ::UNITS SIGNS SETTLEMENT AGREEMENT WITH MINISTRY OF FINANCE AND MINISTRY OF TRADE & INDUSTRY.AGREEMENT FOR SEETTLEMENT OF EGP 299 MILLION.  Full Article

Oriental Weavers And Two Units Sign Settlement Deal With Ministry Of Finance And Ministry Of Trade & Industry
Monday, 2 Dec 2019 

Dec 2 (Reuters) - ORIENTAL WEAVERS CARPET CO ::CO AND TWO SUBSIDIARIES SIGNED A SETTLEMENT AGREEMENT WITH MINISTRY OF FINANCE AND MINISTRY OF TRADE & INDUSTRY.AGREEMENT TO SETTLE BACKLOG OF EXPORT INCENTIVES TILL JUNE 30, 2019, WORTH EGP 322 MILLION.CO AND UNITS REQUIRED TO INJECT CAPEX DURING FIVE-YEAR PERIOD STARTING 2019 UNTIL 2023.CO AND UNITS PLAN TO INJECT CAPEX OF EGP 606 MILLION.CAPEX INJECTION IN ORDER TO BE ELIGIBLE FOR RECEIPT OF SETTLEMENT.FIVE-YEAR EXPANSION PLAN INCLUDES ADDING A NEW YARN FACTORY AND NEW LOOMS.EXPANSIONS SHOULD BE FINANCED PARTIALLY BY SETTLEMENT PROCEEDS IN ADDITION TO A MIX OF DEBT AND SELF-FINANCING.  Full Article

Egypt's Oriental Weavers Carpet Q3 Consol Profit Rises
Monday, 11 Nov 2019 

Nov 11 (Reuters) - ORIENTAL WEAVERS CARPET CO ::Q3 CONSOL NET PROFIT ATTRIBUTABLE EGP 120 MILLION VERSUS EGP 96 MILLION YEAR AGO.Q3 CONSOL NET SALES EGP 2.35 BILLION VERSUS EGP 2.57 BILLION YEAR AGO.NINE-MONTH CONSOL NET PROFIT EGP 597.4 MILLION VERSUS EGP 436.4 MILLION YEAR AGO.  Full Article

Egypt's Oriental Weavers Carpet 9-Month Standalone Profit Rises
Monday, 11 Nov 2019 

Nov 11 (Reuters) - Oriental Weavers Carpet Co SAE ::NINE-MONTH STANDALONE NET PROFIT EGP 499.8 MILLION VERSUS EGP 380.4 MILLION YEAR AGO.  Full Article

Oriental Weavers Carpet Q2 Consol Profit Rises
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - ORIENTAL WEAVERS CARPET CO ::H1 CONSOL NET PROFIT EGP 461.8 MILLION VERSUS EGP 326.4 MILLION YEAR AGO.Q2 CONSOL NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS EGP 214.2 MILLION VERSUS EGP 115.1 MILLION YEAR AGO.Q2 CONSOL NET SALES EGP 2.63 BILLION VERSUS EGP 2.53 BILLION YEAR AGO.  Full Article