Earnings Report /
Egypt

Oriental Weavers: 1Q21 – Exports revive; margins reach record-high levels

  • Higher volumes sold boosts topline

  • Record-high margins driven by lower COGS/Sales and lower raw materials prices secured in 4Q20

  • Recovery in demand expected to continue in 2021

Martina Bernaba
Martina Bernaba

Equity Research Analyst

Al Ahly Pharos Securities Brokerage
30 May 2021

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