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Egypt's Oriental Weavers to issue dividend of 0.4 pounds per share

People sit in front of market by Egypt's Oriental Weavers, the world's biggest machine-woven carpet maker, during its annual exhibition in Cairo March 22, 2014. REUTERS/Amr Abdallah Dalsh (Reuters)

CAIRO (Reuters) - Egypt's Oriental Weavers, will pay a dividend of 0.4 Egyptian pounds ($0.05) a share, the world's biggest machine-woven carpet maker said on Wednesday in a statement to the bourse. The company last month reported a 2014 net profit of 377.47 million pounds, up from 369.21 million a year earlier. ($1 = 7.6250 Egyptian pounds)