Oriental Weavers Carpet Company has announced its financial results for the third quarter of 2024, showcasing impressive performance and steady growth. The company achieved record revenues of EGP 6.4 billion, reflecting its eighth consecutive quarter-on-quarter growth. The gross profit margin stood at 14.1%, with a net profit of EGP 701 million, marking an 8% year-on-year increase.
Founded in Cairo in 1979, Oriental Weavers has grown to become the world’s largest producer of machine-made rugs and carpets. The company serves both the Egyptian market and an extensive export network spanning over 118 countries. In Egypt alone, Oriental Weavers operates more than 120 showrooms nationwide, catering to a diverse range of consumers with high-end and affordable carpet options.
Oriental Weavers is committed to enriching lives through innovative, sustainable, and value-driven products, with designs crafted by a team of passionate creative minds. The company’s consistent performance underscores its dedication to meeting global demand and delivering excellence in every aspect of its operations.
