Egypt

Oriental Weavers: 3Q22 – Sales slowdown and heightened costs drive profitability down

  • Local rise not enough to offset exports drop

  • Pressured gross profitability trickles all the way down despite higher export rebates

  • Overweight recommendation maintained by solid 4Q22 expectations

https://cdn.tellimer.com/providers/badge-al-ahly-pharos-securities-brokerage-GqpGH9186DDYN9Jb9zpe1X3CHQPB77ZUYFvjxBxL.png
Marina William @ Al Ahly Pharos Securities Brokerage
November 16th, 2022
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