Eastern Company posts profit

The listed company reported a 14% Year on Year increase in its net profit in the second half of 2020

  

ArabFinance: Eastern Company (EAST) posted a net profit of EGP 3.889 billion in the first nine months of 2020/2021, according to the company’s filing to the Egyptian Exchange on May 5th.

In July- March 2020, the company posted a net profit of EGP 3.131 billion.

Eastern Company is studying the production of these alternatives in terms of the ability of its consumers to use these alternatives.

The listed company reported a 14% Year on Year increase in its net profit in the second half of 2020, recording EGP 2.538 billion.

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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