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Eastern Co achieves EGP 2.95bn profit in 7M

Eastern Co achieves EGP 2.95bn profit in 7M
The tobacco manufacturer achieved net profits of EGP 412 million in January
Eastern Co
EAST
2.06% 11.89 0.24

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 billion in the seven-month period ended 31 January, compared to EGP 33.2 billion in the year-ago period, the company said in a bourse disclosure on Thursday.

In January, the tobacco manufacturer achieved net profits of EGP 412 million, up from EGP 304.6 million in the same month a year earlier, and sales amounting to EGP 5.2 billion.

During the first half (H1) of FY20/21, the company reported net profits of EGP 2.54 billion.

Revenues went up to EGP 8.16 billion in the July-December period of 2020 from EGP 7.69 billion in the corresponding period a year earlier.