The company clarified in a statement on Sunday, issued in
response to inquiries from the exchange, that the circulating news is unfounded
and affirmed its commitment to disclosing any material information.
Oriental Weavers recorded a net profit of EGP 1.11 billion
during the period from January to the end of June 2025, compared to EGP 1.47
billion during the same period last year, including minority interests.
The company’s sales increased in the first half of this year
to EGP 12.56 billion, up from EGP 10.77 billion in the same period last year.