Egypt’s Oriental Weavers posts slight fall in first-quarter profit

CAIRO – Egypt’s Oriental Weavers reported first-quarter net profit of 152.68 million Egyptian pounds ($20.01 million) in a statement to the Cairo bourse on Sunday.

That was down slightly from the 154.09 million pounds of net profit in the same period last year, the company said.

($1 = 7.6300 Egyptian pounds)