Q3 2023 Oriental Weavers Carpet Co SAE Earnings Call Transcript
Hello, everyone. This is Nada AbouZeid from Beltone Holdings. I'd like to welcome you all to Oriental Weavers Third Quarter Results Conference Call. I'm pleased to have on the line Mr. Hanee Afia, Group CFO; Mr. Hani Amin, Export Director; Mr. Shehta Farouk, Group Financial Controller; Mrs. Radwa Kamel, Group Treasurer; and Mrs. Yasmine ElGohary, IR Manager.
Now I'd like to hand over the call to Mr. Hanee Afia, who will start with a brief update, and then we will open the floor for questions. Please go ahead.
Right. So good evening, everyone. Happy to be with you in the call for the first time, and I'm a new joiner. So I'm happy I joined, happy I came along with good results. So let's start.
Quarter 3 was actually a good quarter. We've scored a net revenue of EGP 4.5 billion. That is around 50% ahead of last year, ahead of quarter 3 2022. So this is basically driven by a multiple of factors. We had a volume growth all in all in local and in export business.
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