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 disclosure on Tuesday.

In addition, the company also targets EGP 15.9 billion in revenue in FY20/21.

It is noteworthy to mention that during the first nine months of FY19/20, the company achieved net profits of EGP 3.13 billion, up from EGP 2.895 billion in the year-ago period.