{"id":649996,"date":"2017-03-14T04:01:56","date_gmt":"2017-03-14T04:01:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/14\/earnings-watch-orwe-telecom-egypt\/"},"modified":"2017-03-14T04:01:56","modified_gmt":"2017-03-14T04:01:56","slug":"earnings-watch-orwe-telecom-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/14\/earnings-watch-orwe-telecom-egypt\/","title":{"rendered":"Earnings watch: ORWE, Telecom Egypt"},"content":{"rendered":"

** EARNINGS WATCH- Oriental Weavers <\/strong>reported<\/a> a consolidated net profit of EGP 528.9 mn in 2016, up from EGP 339.1 mn a year earlier, the company said in its earnings release<\/a>. It sees \u201cexport performance in [USD] terms continuing to recover and our successful response to the floating of the EGP locally, further growth in 2017 looks assured. Orders are in hand from top customers, new clients are lined up and opportunities to expand online sales continue: the results should be reflected in our numbers in the second half of 2017.\u201d Oriental Weavers is proposing a dividend of EGP 1.4 per share.<\/p>\n

Telecom Egypt <\/strong>posted<\/a> a consolidated net profit of EGP 2.7 bn in 2016, down from EGP 3.0 bn a year earlier. The company\u2019s revenues rose in 2016 to EGP 14.1 bn from EGP 12.2 bn the previous year. A TE board official told Reuters<\/a> the company is proposing a dividend of EGP 1 per share, up from EGP 0.75 per share a year earlier.<\/p>\n","protected":false},"excerpt":{"rendered":"

** EARNINGS WATCH- Oriental Weavers reported a consolidated net profit of EGP 528.9 mn in 2016, up from EGP 339.1 mn a year earlier, the company said in its earnings release. It sees \u201cexport performance in [USD] terms continuing to recover and our successful response to the floating of the EGP locally, further growth in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-649996","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"31a36443-e471-4867-a25b-19f5992a5eb0","order":"0","is_powered_by":true,"section_story_id":"5b306402-e5f0-4ebf-a3f0-4c455628084b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[649981],"teaser":"","voice_url":""},"yoast_head":"\nEarnings watch: ORWE, Telecom Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/14\/earnings-watch-orwe-telecom-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: ORWE, Telecom Egypt\" \/>\n<meta property=\"og:description\" content=\"** EARNINGS WATCH- Oriental Weavers reported a consolidated net profit of EGP 528.9 mn in 2016, up from EGP 339.1 mn a year earlier, the company said in its earnings release. 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