Cairo - Mubasher: Eastern Company witnessed a block trading deal valued at EGP 2.05 billion on 28 December 2023, according to a bourse filing.

The Egyptian Exchange (EGX) pointed out that the block deal was executed on 73.46 million of the company's shares.

In the first quarter (Q1) of fiscal year (FY) 2023/2024, Eastern Company recorded 20% year-on-year (YoY) lower net profits after tax at EGP 1.12 billion, compared to EGP 1.40 billion.

Revenues plunged by 32.50% to EGP 3.12 billion as of 30 September 2023 from EGP 4.62 billion, while the basic earnings per share (EPS) fell by 32.80% to EGP 0.39 from EGP 0.58.