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Oriental Weavers posts 30% full-year income jump

The world’s biggest machine-woven carpet maker, Egypt’s Oriental Weavers has said it would pay a dividend of EGP2 ($0.29) a share after its net profit for 2013 rose almost 30%, Reuters has reported. Net profit rose to EGP 369.12m last year, as sales jumped 13% to hit EGP5.52bn, boosted by new designs, Oriental Weavers said.