Sector News

10 June 2025 11:48 AM Spinalex shifts to net losses in 9M-24/25

Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) turned to net losses after tax amounting to EGP 13.59 million in the first nine months (9M) of fiscal year (FY) 2024/25, versus net profits of EGP 103.23 million a year earlier. …

Financial Results

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9 April 2025 04:58 PM Oriental Weavers’ shareholders approve EGP 1bn dividends for 2024

Cairo – Mubasher: The shareholders of Oriental Weavers greenlighted cash dividends of EGP 1.06 billion for 2024, according to a recent bourse filing. The company’s ordinary general meeting (OGM) approved, on 7 April, the distribution of EGP 1.60 …

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27 February 2025 09:05 PM Oriental Weavers posts EGP 2.5bn consolidated profits in 2024

Cairo – Mubasher: Oriental Weavers achieved consolidated net profits after tax valued at EGP 2.54 billion in 2024, compared to EGP 1.89 billion a year earlier, according to the financial results. Net sales hiked to EGP 24.28 billion in the …

Financial Results

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6 January 2025 04:36 PM Oriental Weavers unveils new expansion of EGP 24m industrial plant

Cairo – Mubasher: Oriental Weavers Carpet has inaugurated the new expansion of the industrial wastewater treatment plant at the group's spinning factory, which features four consecutive treatment stages and has a capacity of 1,250 cubic metres per …

Companies Investments

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28 November 2024 02:50 PM Spinalex records nearly EGP 27m profits in Q1-24/25

Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) posted net profits after tax valued at EGP 26.82 million in the first quarter (Q1) of fiscal year (FY) 2024/2025. The recorded net profits were higher by 5% than EGP 25.59 …

Financial Results

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29 September 2024 09:40 AM Spinalex unveils 128% higher profits in FY23/24, bonus shares

Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) recorded 128% year-on-year (YoY) higher net profits after tax at EGP 115.23 million in fiscal year (FY) 2023/2024. The generated net profits were compared with EGP 89.86 million, …

Board of Directors

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12 September 2024 00:50 PM Oriental Weavers, IRSC forge partnership to install $1.5m solar power plant

Cairo – Mubasher: Oriental Weavers and Integrated Renewable and Sustainable Communities (IRSC) partnered for an energy project at a total investment of $1.50 million, according to a press release. IRSC will install a 2.5 MWp solar power plant at …

Companies Investments

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19 August 2024 03:20 PM Oriental Weavers registers EGP 1.4bn consolidated profits in H1-24

Cairo – Mubasher: Oriental Weavers generated higher consolidated net profits after at EGP 1.47 billion in the first half (H1) of 2024, compared to EGP 733.39 million in H1-23. The sales amounted to EGP 10.77 billion as of 30 June 2024, marking a …

Financial Results

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11 June 2024 00:36 PM Arab Cotton Ginning’s standalone profit grows 142% YoY in 9M-23/24

Cairo – Mubasher: The standalone net profit of Arab Cotton Ginning Company rose by 142% year-on-year (YoY) to EGP 62.68 million in the first nine months (9M) of the fiscal year (FY) of 2023/2024 from EGP 25.90 million. Operating revenues increased …

Financial Results

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5 June 2024 00:41 PM Spinalex’s profits jump to EGP 103m in 9M-23/24

Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) logged net profits after tax worth EGP 103.23 million in the first nine months (9M) of fiscal year (FY) 2023/2024, an annual leap from EGP 69.86 million. The sales hiked to EGP …

Financial Results

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29 May 2024 04:56 PM Oriental Weavers’ consolidated profit surpasses EGP 557m in Q1-24

Cairo – Mubasher: Oriental Weavers has posted a consolidated net profit after tax of EGP 557.58 million during the first quarter (Q1) of 2024, up from EGP 403.52 million in the equivalent period of last year. Net sales surged to EGP 5.03 billion …

Financial Results

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24 April 2024 09:59 AM Arab Cotton Ginning’s consolidated profit leaps 371% YoY in H1-23/24

Cairo – Mubasher: Arab Cotton Ginning Company posted a 371% year-on-year (YoY) surge in the consolidated net profit after tax during the first half (H1) of the fiscal year (FY) 2023/2024, soaring to EGP 304.28 million, from EGP 64.60 million a …

Financial Results

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8 April 2024 11:34 AM Oriental Weavers unveils payment date for 2023 dividends

Cairo – Mubasher: Oriental Weavers unveiled annual cash dividends valued at EGP 1.25 per share for 2023, according to a bourse disclosure. The EGX-listed company indicated that the payment date for the dividends will be 30 April 2024. Last year, …

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28 February 2024 02:51 PM Oriental Weavers records EGP 1.9bn consolidated profits in 2023; dividends proposed

Cairo – Mubasher: Oriental Weavers posted a net consolidated profit after income tax of EGP 1.89 billion in 2023, a surge from EGP 944.17 million a year earlier. Net sales soared to EGP 17.65 billion last year from EGP 13.25 billion in 2022, …

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19 February 2024 11:35 AM Spinalex achieves nearly EGP 74m profits in H1-23/24

Cairo – Mubasher: The net profits after tax of Alexandria Spinning and Weaving Company (Spinalex) reached EGP 73.70 million in the first half (H1) of fiscal year (FY) 2023/2024. The recorded net profits were higher by 433% year-on-year (YoY) than …

Financial Results

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28 November 2023 09:35 AM Spinalex unveils cash dividends for FY22/23

Cairo – Mubasher: The shareholders of Alexandria Spinning and Weaving Company (Spinalex) approved cash dividends amounting to EGP 16.03 million for fiscal year (FY) 2022/2023. Spinalex will disburse a dividend of EGP 0.05 per share on 14 December …

General Assembly

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19 November 2023 03:51 PM Spinalex generates higher profits in Q1-23/24

Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) logged net profits after tax valued at EGP 25.59 million in the first quarter (Q1) of fiscal year (FY) 2023/2024, compared to EGP 1.15 million a year earlier. The EGX-listed firm …

Financial Results

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19 November 2023 08:20 AM Oriental Weavers posts EGP 1.38bn consolidated profits in 9M-23

Cairo – Mubasher: The consolidated net profits after tax of Oriental Weavers soared year-on-year (YoY) to EGP 1.38 billion in the first nine months (9M) of 2023 from EGP 583.74 million, including minority interest. Net sales enlarged to EGP 12.87 …

Financial Results

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18 October 2023 09:28 AM FRA nods to Toma consortium’s acquisition offer of Dice

Cairo – Mubasher: The Financial Regulatory Authority (FRA) greenlighted the mandatory offer of Toma for Commercial and Industrial Investments as well as Maged Samir Tama Thomas to acquire 46.90% of Dice Sport and Casual Wear’s share capital. The …

Companies Investments

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1 October 2023 01:41 PM Oriental Weavers sells stake in NBK Egypt

Cairo – Mubasher: Oriental Weavers sold its 0.70% equity in the National Bank of Kuwait - Egypt (NBK Egypt), according to a bourse discourse. The EGX-listed firm indicated that this step aligns with its plans to focus on activities related to the …

Banking and Finance

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19 September 2023 01:02 PM Dice receives acquisition offer

Cairo – Mubasher: Dice Sport and Casual Wear received a preliminary offer from a consortium for a potential acquisition of up to 90% of the listed company’s issued share capital, according to a bourse disclosure. Toma for Commercial and Industrial …

Companies Investments

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27 August 2023 11:24 AM Spinalex logs EGP 104m profits in FY22/23

Cairo – Mubasher: The net profits after tax of Alexandria Spinning and Weaving Company (Spinalex) hit EGP 103.91 million during fiscal year (FY) 2022/2023. The recorded profits were higher by 297% year-on-year (YoY) than EGP 35 million, according …

Financial Results

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16 August 2023 00:04 PM Oriental Weavers logs higher profits in H1-23; sales hit EGP 8.39bn

Cairo – Mubasher: Oriental Weavers posted consolidated net profits after tax valued at EGP 733.39 million in the first half (H1) of 2023, higher by 51.30% than EGP 484.63 million a year earlier, including minority interest. Net sales hiked by 29% …

Financial Results

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13 June 2023 08:48 AM Arab Cotton Ginning posts EGP 26m standalone profits in 9M-22/23

Cairo – Mubasher: Arab Cotton Ginning Company generated EGP 25.90 million in standalone net profit after tax during the first nine months (9M) of fiscal year (FY) 2022/2023. The recorded net profits were lower by 18% year-on-year (YoY) than EGP …

Financial Results

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16 May 2023 04:00 PM Oriental Weavers’ consolidated profit increases, standalone income declines

Cairo – Mubasher: Oriental Weavers achieved higher consolidated net profits after tax worth EGP 403.52 million in the first quarter (Q1) of 2023, compared to EGP 260.05 million in Q1-22. Net sales soared to EGP 4.14 billion during the …

Financial Results