Net income during
three months was 61 million Egyptian pounds, after minority interest,
and rise in revenue by 23 percent at 973 million pounds, as per the
company. .

As government had not offered the one-off monetary amount, which was
allocated in the first half of the previous year as part of the economic
stimulus package, net income of the company recorded a plunge, stated
the company..
During the initial six months of 2010, state spent 54 million pounds, to
spur the activities of the company, while in the corresponding period
of 2009 the amount spent was 85.8 million pounds. .

Oriental Weavers, which accounts for almost 85 percent of Egypt’s carpet
industry, sells 45 percent of its produce to the domestic market and
the rest to more than 100 countries. ”