The board of cigarette manufacturer Eastern Company (Eastern Tobacco) ratified Thursday the financial results for the first half of 2013/2014, which mirrored net profit of EGP 372 million, a 9.1% fall compared with EGP 409 million reported in the same period a year earlier.
The company’s sales revenue slightly rose 2.8% to EGP 2.803 billion, compared with EGP 2.727 billion in the first half of 2012/2013.
Earnings per share (EPS) declined to EGP 6.4 from EGP 7.3.