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Eastern Co logs EGP 3.8bn profit in FY19/20 initial results

Eastern Co logs EGP 3.8bn profit in FY19/20 initial results
The tobacco manufacturer achieved revenues of EGP 14.46 billion
Eastern Co
EAST
0.17% 12.01 0.02

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 billion in the year ended 30 June, compared to EGP 14 billion in the prior year, according to a bourse disclosure on Thursday.

During the first nine months of FY19/20, the company logged EGP 3.13 billion in net profit, compared to EGP 2.895 billion in the year-ago period.