Eastern Co SAE News - Mubasher Info
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Eastern Co SAE (EAST)

Last update: 12:45 PM market time.
36.00
0.74
2.10%
Open 35.26
Previous Close 35.26
High 36.44
Low 35.30
Stock Statistics
Volume 580,898
Turnover 20,937,298.00
All data are 15 minutes late during market session

News

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4 February 04:09 PM Eastern Company unveils EGP 2.8bn profits in H1-23/24, capital raise
Cairo – Mubasher: Eastern Company generated EGP 2.89 billion in net profit after tax during the first half (H1) of fiscal year (FY) 2023/2024, an annual drop of 17% from EGP 3.48 billion. The revenues shrank by 20% to EGP 7.92 billion in H1-23/24 …
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31 December 2023 00:04 PM Eastern Company records EGP 2bn block trading deal
Cairo - Mubasher: Eastern Company witnessed a block trading deal valued at EGP 2.05 billion on 28 December 2023, according to a bourse filing. The Egyptian Exchange (EGX) pointed out that the block deal was executed on 73.46 million of the …
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15 November 2023 10:28 AM Eastern Company’s profits shrink 20% in Q1-23/24
Cairo – Mubasher: The net profits after tax of Eastern Company hit EGP 1.12 billion in the first quarter (Q1) of fiscal year (FY) 2023/2024, down 20% year-on-year (YoY) from EGP 1.40 billion. The EGX-listed firm posted a 32.50% drop in revenue to …
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6 September 2023 11:03 AM Eastern Company logs EGP 7.65bn profits in FY22/23; dividend proposed
Cairo – Mubasher: Eastern Company recorded 90% year-on-year (YoY) higher net profits after tax at EGP 7.65 billion during fiscal year (FY) 2022/2023, compared to EGP 4.03 billion. The revenues stood at EGP 17.95 billion as of 30 June 2023, up 5% …
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4 September 2023 11:44 AM UAE-based Global Investment acquires 30% equity of Eastern Company
Cairo – Mubasher: UAE-based Global Investment Holding Limited acquired a 30% stake in Eastern Company’s shares at a value of $625 million, according to an official statement. The Egyptian Prime Minister, Mostafa Madbouly, witnessed the signing …
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31 May 2023 08:46 AM Eastern Company sees 24% higher net profits in 9M-22/23
Cairo – Mubasher: The net profits after tax of Eastern Company reached EGP 5.29 billion in the first nine months (9M) of fiscal year (FY) 2022/2023, an annual rise of 24% from EGP 4.25 billion. Revenues jumped by 14% year-on-year (YoY) to EGP …
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16 February 2023 00:28 PM Eastern Company’s profits up to EGP 3.48bn in H1-22/23
Cairo – Mubasher: Eastern Company posted a 19% year-on-year (YoY) rise in net profit after tax to EGP 3.48 billion during the first half (H1) of fiscal year (FY) 2022/2023, versus EGP 2.92 billion. The revenues stood at EGP 9.93 billion during the …
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14 November 2022 04:57 PM Eastern Company's profits slump 12% in Q1-FY22/23
Cairo – Mubasher: Eastern Company generated EGP 1.40 billion in its net profits during the first quarter (Q1) of fiscal year (FY) 2022/2023, down 12% from EGP 1.59 billion in the year-ago quarter. Total revenues rose by 1% during the three-month …
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25 October 2022 01:28 PM Eastern Company approves EGP 1.6/shr dividends for FY21/22
Cairo – Mubasher: The ordinary general meeting (OGM) of Eastern Company has approved the proposed cash dividend distribution of EGP 1.60 per share for fiscal year (FY) ended 30 June 2022, during a meeting on 24 October. The dividends will be paid …
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29 September 2022 11:43 AM Eastern Company proposes EGP 1.6/shr in FY21/22 dividends
Cairo – Mubasher: Eastern Company has recommended a cash dividend distribution of EGP 1.60 per share for fiscal year (FY) ended 30 June 2022. The decision will be subject to the approval of the ordinary general meeting (OGM), according to a stock …
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21 September 2022 00:50 PM Eastern Company’s annual profits drop to EGP 4.03bn
Cairo – Mubasher: Eastern Company has achieved EGP 4.03 billion in its net profit after tax and provisions during fiscal year (FY) 2021/2022, down 6% when compared to EGP 4.28 billion a year earlier. Basic earnings per share (EPS) amounted to EGP …
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21 September 2022 11:19 AM Eastern Company raises prices of Pall Mall, Viceroy cigarettes brands
Cairo – Mubasher: The board of directors of Eastern Company has approved the new price list of Pall Mall and Viceroy cigarettes brands. The price hike came into effect starting on 21 September 2022. The price of the 20-cigarette packs of Pall Mall …
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4 September 2022 10:48 AM Eastern Company raises prices of its cigarettes
Cairo – Mubasher: The board of directors of Eastern Company has approved the new consumer sale prices on the company’s cigarette products. The price hike was put into effect starting as of 4 September 2022, according to a stock exchange statement …
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8 May 2022 04:04 PM Eastern Company’s unaudited profits exceed EGP 4bn in 9M
Cairo – Mubasher: Eastern Company has generated EGP 4.25 billion in its unaudited net profits during the first nine months (9M) of fiscal year (FY) 2021/2022, an annual growth of 9% from EGP 3.88 billion. During the July-March period of FY21/22, …
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15 February 2022 09:21 PM Eastern Company's net profits up 15% in H1-21/22
Cairo – Mubasher: Eastern Company posted net profits of EGP 2.92 billion in the first half (H1) of fiscal year (FY) 2021/2022, up by 15% year-on-year (YoY) from EGP 2.53 billion a year earlier.  Earnings per share reached EGP 1.23 at the end of …
The revenues increased to EGP 4.31 billion in the period ended 30 September
15 November 2021 03:41 PM Eastern Company's profit climbs 38% in Q1-21/22
Cairo – Mubasher: Eastern Company reported net profits of EGP 1.598 billion in the first quarter (Q1) of fiscal year (FY) 2021/2022, up by 37.7% year-on-year (YoY) from EGP 1.16 billion.  The revenues increased to EGP 4.31 billion in the …
The extraordinary general meeting decided to cancel 20 million treasury shares
14 November 2021 01:00 PM Eastern Company's shareholders nod to dividend for FY20/21, cancellation of treasury shares
Cairo – Mubasher: The ordinary general meeting (OGM) of the Eastern Company approved a proposal to distribute a cash dividend of EGP 1.60 per share for fiscal year (FY) 2020/2021.  The dividends will be disbursed in two instalments; the first …
Local cigarette production amounted to about 70 billion cigarettes
17 October 2021 04:05 PM Eastern Company considers launching reduced-risk smoking products
Cairo – Mubasher: Eastern Company is currently conducting the necessary studies to enter into a new smoking industry (reduced-risk smoking products). The study mainly tests the market in terms of local consumption and demand for smoking …
The net revenues increased to EGP 16.02 billion
17 October 2021 11:33 AM Eastern Company's profit grows 13% in FY20/21; dividends proposed
Cairo – Mubasher: Eastern Company logged net profits of EGP 4.28 billion in fiscal year (FY) 2020/2021, up by 12.8% year-on-year (YoY) from EGP 3.79 billion a year earlier.  The net revenues increased to EGP 16.02 billion in the year ended 30 …
The tobacco manufacture will produce and sell a limited edition of Matossian brand
19 September 2021 00:53 PM Eastern Company to renew deal with JTI, launch new cigarette product
Cairo – Mubasher: The board of directors of Eastern Company decided to renew the cooperation agreement with Japan Tobacco International (JTI) for a three-year term, according to a bourse disclosure on Sunday.  In a separate statement, the tobacco …
The issued capital will be reduced to EGP 2.23 billion
13 September 2021 01:35 PM FRA approves Eastern Co's capital cut
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of a disclosure form submitted by Eastern Co. The disclosure form includes the board of directors' decision to slash the company's issued capital …
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2 August 2021 00:14 PM Philip Morris bids for new cigarette factory license in Egypt
Cairo – Mubasher: The Egyptian Industrial Development Authority (IDA) has held a bid opening session for the received technical offers applying to a new cigarette factory license, in the presence of four companies. The local representative of …
The price of Cleopatra black label was raised to EGP 24
14 July 2021 00:14 PM Eastern Company raises prices of main brands
Cairo - Mubasher: The Eastern Company approved the new price list of its main brands, effective as of 14 July.  The prices of Cleopatra Black Label, Mondial, and Mondial Switch have been raised to EGP 24, EGP 21, and EGP 24, respectively, the …
The volume of local cigarette sales increased to about 67 billion
4 July 2021 05:38 PM Eastern Company achieves record production, sales volumes in FY20/21
Cairo – Mubasher: The Eastern Company achieved record local sales and production volumes during the fiscal year (FY) 2020/2021. The volume of local cigarette sales increased by 12% year-on-year (YoY) to about 67 billion during the year ended 30 …
The capital cut will be carried out by cancelling 20 million treasury stocks
30 June 2021 00:16 PM Eastern Company's board approves capital cut via treasury stock cancellation
Cairo - Mubasher: The board of directors of Eastern Company approved a decision to cut the company's issued and paid-up capital to EGP 2.23 billion from EGP 2.25 billion. The capital reduction will be carried out by cancelling 20 million treasury …