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Eastern Co's board proposes EGP 1.4/shr dividend for FY19/20

Eastern Co's board proposes EGP 1.4/shr dividend for FY19/20
The net distributable profit reached EGP 5.28 billion
Eastern Co
EAST
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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 bourse disclosure on Monday.

The net distributable profit reached EGP 5.28 billion in FY19/20, including EGP 3.7 billion of net profits and EGP 1.49 billion worth of retained earnings, compared to EGP 4.24 billion in FY18/19.

During FY19/20, Eastern Co logged net profits of EGP 3.794 billion, slightly up from EGP 3.733 billion a year earlier.