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Egypt’s Eastern reports 17% growth in full-year income

: Wednesday, July 23 - 2014 @ 06:57

Egyptian cigarette maker, Eastern Co has said its net profit in the year to June 30 grew 17.1% on the back of stronger sales, Reuters has reported. Eastern’s full-year sales boost helped the company to reach a net profit of EGP883.2m, up from EGP754.4m a year earlier. The company, which has a monopoly on producing cigarettes in the country of 86 million people, lifted sales by 13$ to EGP6.2bn ($867m).

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Wednesday, July 23- 2014 @ 6:57 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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