Eastern Company announces dividends

The company’s product portfolio includes cigarettes, cigars, pipe tobacco, and molasses tobacco

  
ArabFinance:Eastern Company (EAST) will distribute dividends of EGP 3.150 billion, according to the company’s September 28th statement filed to the Egyptian Exchange.

The company reported a net profit stood at EGP 3.794 billion in fiscal year (FY) 2019/2020, compared to EGP 3.733 billion achieved in FY 2018/2019.

In early April, the company registered a total purchase volume of 7.5 million treasury shares.

Eastern Company aims to achieve a net profit of EGP 4.3 billion for the fiscal year (FY) 2020/2021.

Eastern Company is an Egypt-based company, which is engaged in manufacturing tobacco products. The company’s product portfolio includes cigarettes, cigars, pipe tobacco, and molasses tobacco, as well as other related products such as cigarettes’ filter rods and homogenized tobacco.

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