Photo Credit: Arabianeye-Reuters
Eastern Co
EAST
4.49%
25.39
1.09
EAST
Egypt’s cigarette producer Eastern Co. (Eastern Tobacco) is targeting net profits of EGP 1 billion in the fiscal year 2015/16, an informed source told Mubasher.
The company's ordinary general meeting approved the estimated budget for FY15/16.
The firm's net profits stood at EGP 586 million for the first half of FY14/15, a rise of 57.5% from the same period of the previous year.
Eastern Tobacco is capitalised at EGP 750 million, distributed across 50 million shares at EGP 15 par value each.
Source:
Mubasher Exclusive