Egypt’s Oriental Weavers to issue dividend of 0.5 pounds per share
Egypt's pound notes are pictured in stacks of 100 as employees count money at an exchange office in downtown Cairo in a file photo. REUTERS/Amr Abdallah Dalsh

CAIRO:  Egypt’s Oriental Weavers , the world’s biggest machine-woven carpet maker, will pay a dividend of 0.5 Egyptian pounds ($0.0563) per share, the company said on Sunday in a statement on the bourse.

The company paid a dividend of 0.4 pounds a year earlier.

Last month, Oriental Weavers reported a fourth-quarter net profit of 66 million Egyptian pounds, up from 55 million a year earlier. Sales rose by four percent.

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