Eastern Co SAE News - Mubasher Info
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08 February 07:10 AM

Eastern Co SAE (EAST)

Last update: 5 February 02:27 PM market time.
41.48
0.30
0.73%
Open 41.00
Previous Close 41.00
High 41.49
Low 39.62
Stock Statistics
Volume 781,524
Turnover 31,867,796.00
All data are 15 minutes late during market session

News

The revenues increased to EGP 4.31 billion in the period ended 30 September
15 November 2021 04:41 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
The extraordinary general meeting decided to cancel 20 million treasury shares
14 November 2021 02:00 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 …
Corporate Actions
Local cigarette production amounted to about 70 billion cigarettes
17 October 2021 05:05 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
The net revenues increased to EGP 16.02 billion
17 October 2021 00:33 PM 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
The tobacco manufacture will produce and sell a limited edition of Matossian brand
19 September 2021 01:53 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
The issued capital will be reduced to EGP 2.23 billion
13 September 2021 02:35 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
Photo Archive
2 August 2021 01:14 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
The price of Cleopatra black label was raised to EGP 24
14 July 2021 01:14 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
The volume of local cigarette sales increased to about 67 billion
4 July 2021 06:38 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 …
Company News
The capital cut will be carried out by cancelling 20 million treasury stocks
30 June 2021 01:16 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 …
Corporate Actions
Photo Archive
14 June 2021 07:04 PM Eastern Company denies plans to issue securitized bonds
Cairo – Mubasher: Eastern Company has negated recent media reports about a study to issue a securitized bonds portfolio to finance its expansion. In a disclosure to the Egyptian Exchange (EGX) on Monday, the company asserted that it has not …
Markets Regulations
Earnings per share stood at EGP 1.63 in 9M
30 May 2021 03:22 PM Eastern Company logs EGP 12m sales in 9M
Cairo – Mubasher: Eastern Company has achieved sales worth EGP 12.14 billion during the period from July 2020 until March 2021, compared to EGP 11.36 billion during the corresponding period a year ago, according to the audited income statements. …
Financial Results
Gross sales grew to EGP 48.5 billion in the July-March period of FY20/21
4 May 2021 01:33 PM Eastern Co logs EGP 3.9bn profit in nine months
Cairo – Mubasher: Eastern Co recorded net profits of EGP 3.89 billion in the first nine months of fiscal year (FY) 2020/2021, up by 24% year-on-year (YoY) from EGP 3.13 billion, the unaudited financial results showed. The tobacco manufacturer’s …
Financial Results
The volume of production surged by 45% year-on-year in March
4 April 2021 03:19 PM Eastern Co. reports record production volume in March
Cairo – Mubasher: Eastern Co has achieved a new record in the volume of production which exceeded 7 billion cigarettes in March, surpassing a previous record by 10%. The volume of production surged by 45% year-on-year (YoY) in March and with a …
Companies Investments
The tobacco manufacturer is studying consumer demand for this kind of cigarettes
23 March 2021 00:33 PM Eastern Co mulls manufacturing e-cigarettes
Cairo – Mubasher: Eastern Co. is currently considering the production of electronic cigarettes as studies suggest that there will be higher demand for them as being a less harmful alternative to traditional cigarettes.   The tobacco manufacturer …
Company News
The new licence includes the manufacturing of new electronic cigarettes
21 March 2021 01:45 PM Eastern Co can own 24% of new cigarette production company
Cairo – Mubasher: Eastern Co. said that the Industrial Development Authority has invited companies to enter into the tobacco industry through tendering a new cigarette production licence. The company will be given the option to own 24% of the …
Company News
The company is currently considering several investment projects
18 March 2021 03:47 PM Eastern Co comments on reports about new cigarette production licence
Cairo – Mubasher: Eastern Co. commented on news reports about the Egyptian government’s intention to issue a new licence for cigarette production in the local market. The tobacco manufacturer affirmed that “the issuance of operating licences in …
Companies Investments
The tobacco manufacturer achieved net profits of EGP 412 million in January
25 February 2021 01:29 PM Eastern Co achieves EGP 2.95bn profit in 7M
Cairo – Mubasher: The financial indicators of Eastern Co. showed a 17% year-on-year (YoY) rise in its net profits, logging EGP 2.95 billion in the first seven months of fiscal year 2020/2021, compared to EGP 2.52 billion. Sales grew to EGP 37.7 …
Financial Results
The protocol is aimed at supporting financial inclusion efforts in Egypt
28 December 2020 06:53 PM Eastern Co inks protocol with NBE to automate payment processes
Cairo – Mubasher: Eastern Co. signed a protocol of cooperation with the National Bank of Egypt (NBE) to automate its payment and collection processes. The protocol is aimed at supporting financial inclusion efforts in Egypt, the tobacco …
Company News
Eastern Co. logged net profits of EGP 1.163 billion in three months
9 December 2020 11:57 AM Eastern Co. achieves record sales in November
Cairo – Mubasher: Eastern Co. said that the volumes of production and sales reached record levels in November with more than 6 million billion cigarettes sold during the month.   The tobacco manufacturer said that this level of sales and …
Company News
The tobacco manufacturer achieved revenues of EGP 3.954 billion
15 November 2020 04:30 PM Eastern Co reports EGP 1.16bn profit in Q1-20/21
Cairo – Mubasher: Eastern Co. reported a 10% year-on-year (YoY) rise in its net profits, registering EGP 1.163 billion in the first quarter (Q1) of fiscal year 2020/2021, compared to EGP 1.059 billion. The tobacco manufacturer achieved revenues of …
Financial Results
The OGM approved EGP 10 million as a board remuneration
26 October 2020 00:37 PM Eastern Co's shareholders approve EGP 1.4/shr dividends
Cairo – Mubasher: The ordinary general meeting (OGM) of Eastern Co. approved the proposed cash dividend distribution for fiscal year 2019/2020. The shareholders agreed to distribute EGP 1.4 per share as cash dividends, including EGP 0.70 on 15 …
Cash Dividends
The new prices are effective from 21 October
21 October 2020 00:14 PM Eastern Co approves new price list for some products
Cairo – Mubasher: The board of directors of Eastern Co. approved a new price list for the Mondial brand. The new prices are effective from 21 October, according to a bourse disclosure on Wednesday. In September, the company announced a new price …
Company News
The net distributable profit reached EGP 5.28 billion
28 September 2020 01:36 PM Eastern Co's board proposes EGP 1.4/shr dividend for FY19/20
Cairo – Mubasher: The board of Eastern Co recommended a cash dividend distribution of EGP 1.40 per share for fiscal year 2019/2020. The proposal has been referred to the company’s shareholders for approval, the tobacco manufacturer said in a …
Cash Dividends
The tobacco manufacturer achieved revenues of EGP 14.46 billion
24 September 2020 00:41 PM Eastern Co logs EGP 3.8bn profit in FY19/20 initial results
Cairo – Mubasher: The unaudited financial statements of Eastern Co. showed net profits of EGP 3.794 billion during fiscal year 2019/2020, slightly up from EGP 3.733 billion a year earlier. The tobacco manufacturer achieved revenues of EGP 14.46 …
Financial Results