Cairo – Mubasher: Eastern Co. announced the sale of a land plot in Alexandria in a public auction on Thursday.

The land plot was sold for the highest bid of EGP 35,160 per square metre (sqm), according to a bourse statement on Sunday.

Previously, the company announced offering a land plot covering 1,470 sqm in Alexandria.

Accordingly, the land plot was sold for EGP 51.685 million.

Meanwhile, no bids have been submitted for a 1,650-sqm land plot in Al Jazeera offered in a public auction on 29 January.

Another 3,243-sqm land plot is set to be offered by the company in a public auction on 6 February.

It is noteworthy that during the first quarter of fiscal year 2019/2020, the tobacco manufacturer reported net profits of EGP 1.05 billion, compared to EGP 991.18 million in the year-ago period.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.