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Egypt's Oriental Weavers Q1 net income rises 14 pct

Thu May 14, 2009 6:55am EDT

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CAIRO, May 14 (Reuters) - Egypt's Oriental Weavers (ORWE.CA), the world's biggest machine-woven carpet producer, posted a 14 percent rise in net income before minority interest to 107 million Egyptian pounds ($19 million) on higher sales.

The firm said on Thursday that sales climbed 10.4 percent to 887 million pounds in the quarter. ($1 = 5.62 Egyptian pounds) (Writing by Cynthia Johnston)



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