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Thndr Claps » EGY Claps » Earnings 📈 » Oriental Weavers Announces Earnings; Proposes Cash Dividends💰

Oriental Weavers Announces Earnings; Proposes Cash Dividends💰

by Shams Abbas
February 24, 2022

Oriental Weavers (ORWE) reported net profits of EGP 1.2 billion in 2021, compared to EGP 1.1 billion in 2020. The company’s board also proposed distributing cash dividends of 1 EGP per share.

More Details🧐 The company aims to inject new investments amounting to $15 million during 2022 which will be directed to adding new looms and machines, in addition to raising efficiency and developing some factories to increase production.

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