Cairo – Mubasher: The ordinary general assembly of Oriental Weavers Carpets Company agreed to distribute the profits by cash distribution of 65 piasters per share.
The company said in a statement to the Egyptian Stock Exchange, today, Monday, that profits will be distributed in the month of July.
The association approved the report of the board of directors on the company’s activities and the company’s financial statements for the year 2019.
The association agreed to purchase 4 industrial units in the 10th of Ramadan City, with a total area of 522.12 square meters for units, at a value of 4.46 million pounds, from Orientals for Urban Development, according to an expert assessment by Arkoun Engineering Consulting.
During 2019, the company achieved 855 million pounds in the period from January to December 2019, compared to 550.23 million pounds in 2018, taking into account minority interests.
The company’s sales increased during the past year to 10.13 billion pounds, compared to sales of 10.4 billion pounds in 2018.
On the independent business level, the company achieved 708.6 million pounds last year, compared to 745.8 million pounds in 2018.
Nominations:
The stock exchange approves the capital increase shares of Oriental Weavers Carpets
The stock exchange announces the end of the right and the date for distributing the free woven oriental shares
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