Eastern Co SAE (EAST)

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News

15 April 02:53 PM Eastern Company raises cigarette prices

Cairo – Mubasher: Eastern Company’s board approved new prices for some cigarette products to take effect as of 14 April 2024. The company set the new prices of local cigarette brands at EGP 34.50 per pack, according to a bourse filing. Prices of …

Companies Investments

5 March 11:52 AM Eastern Company’s shareholders nod to capital hike, credit facility agreements

Cairo – Mubasher: Eastern Company’s ordinary general meeting (OGM) approved increasing the issued capital from EGP 2.23 billion EGP to EGP 3 billion by converting EGP 770 million from the reserves into shares. The capital increase share will be …

Corporate Actions

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 …

Management Decisions

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 …

Companies Investments

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 …

Financial Results

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% …

Board of Directors

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 …

Companies Investments

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 …

Financial Results

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 …

Financial Results

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 …

Financial Results

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 …

General Assembly

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 …

General Assembly

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 …

Financial Results

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 …

Companies Investments

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 …

Corporate Actions

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, …

Financial Results

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 …

Financial Results

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 …

Financial Results

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 …

Cash Dividends

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 …

Company News

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 …

Financial Results

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 …

Company News

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 …

Corporate Actions

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 …

Markets Regulations

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 …

Corporate Actions