Eastern Co SAE (EAST)

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 …

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 …

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 …

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. …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Cairo – Mubasher: Eastern Co. is planning to double the sales of some of its products over the coming three years, the Managing Director, Hany Aman, told Reuters. The announcement came after the tobacco manufacturer approved an increase in the …

Cairo – Mubasher: The board of directors of Eastern Co. approved a new price list that includes higher selling prices for some products, including cigars and tobacco. The new prices have been effective from 6 September, as per the value-added tax …

Cairo – Mubasher: The board of directors of Eastern Co. approved the company’s budget plan for fiscal year 2020/2021. The tobacco manufacturer aims to generate net profits of EGP 4.3 billion in the current fiscal year, according to a bourse …

Cairo – Mubasher: Eastern Co. reported an 8% increase in net profits to EGP 3.13 billion in the first nine months of fiscal year 2019/2020, compared to EGP 2.895 billion in the year-ago period, the unaudited financial results showed. The profit …

Cairo – Mubasher: Eastern Co. announced the sale of a land plot in Alexandria in a public auction on Thursday. The land plot was sold for the highest bid of EGP 35,160 per square metre (sqm), according to a bourse statement on Sunday. Previously, …

By: Heba El-Kordy Cairo – Mubasher: The Egyptian Exchange (EGX) has witnessed four initial and secondary public offerings during 2019. The EGX hosted the offerings of Eastern Co, Speed Medical Co, Fawry for Banking Technology and Electronic …

Cairo – Mubasher: Eastern Co posted a 7% year-on-year profit growth during the first quarter of fiscal year 2019/2020. The tobacco manufacturer’s net profits increased to EGP 1.05 billion in the July-September period, compared to EGP 991.18 …

Cairo – Mubasher: The ordinary general meeting (OGM) of Eastern Co approved a cash dividend distribution of EGP 1 per share for fiscal year 2018/2019. An amount of EGP 0.40 per share of the cash dividend will be postponed for three months to be …