Cairo – Mubasher: Oriental Weavers Carpet recorded consolidated net profits of EGP 960.24 million in the first nine months of 2021, a surge of 57.9% year-on-year (YoY) from EGP 607.904 million, including minority shareholders' rights.
The net profits attributable to the parent company's shareholders jumped to EGP 858.73 million from EGP 529.17 million, while the net profits attributable to minority interests grew to EGP 101.5 million from EGP 78.72 million, according to a bourse disclosure on Sunday.
The sales rose to EGP 8.39 billion in the January-September period, compared to EGP 6.666 billion in the year-ago period.
Meanwhile, the standalone net profits increased to EGP 822 million in the nine-month period ended 30 September from EGP 596.26 million in the corresponding period a year earlier.
In the first half (H1) of 2021, the company reported net profits of EGP 669.5 million, up from EGP 266.358 million in H1-20, including minority shareholders' rights.
