Eastern Co SAE (EAST)

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News

14 November 2024 09:21 AM Eastern Company records 162% higher net revenues in Q1-24/25

Cairo – Mubasher: Eastern Company generated net profits amounting to EGP 1.82 billion in the first quarter (Q1) of fiscal year (FY) 2024/2025, up 62% from EGP 1.12 billion in Q1-23/24. Total revenues before tax amounted to EGP 23.91 billion in …

Financial Results

2 September 2024 02:57 PM Eastern Company’s pretax net profit nears EGP 11.5bn in FY23/24; dividends proposed

Cairo – Mubasher: Eastern Company achieved a 17% growth to EGP 11.46 billion in net profit before tax during fiscal year (FY) 2023/2024, which ended on 30 June 2024, compared to EGP 9.76 billion in FY22/23. Net revenues increased by 15% to EGP …

Board of Directors

30 May 2024 01:52 PM Eastern Company’s profit shrinks 2% YoY in 9M-23/24

Cairo – Mubasher: Eastern Company posted a 2% year-on-year (YoY) decline in net profit to EGP 5.17 billion during the first nine months (9M) of the fiscal year (FY) of 2023/2024 from EGP 5.29 billion. Net sales declined by 5% YoY to EGP 13.71 …

Financial Results

23 May 2024 10:13 AM Philip Morris International acquires 14.7% of Eastern Company

Cairo – Mubasher: Philip Morris International (PMI) has acquired a 14.70% stake in Eastern Company. The two companies also signed a nonexclusive letter of intent (LOI) to explore potential strategic areas for mutual long-term collaboration, in the …

Companies Investments

15 April 2024 02:53 PM Eastern Company raises cigarette prices

Cairo – Mubasher: Eastern Company’s board approved new prices for some cigarette products to take effect as of 14 April 2024. The company set the new prices of local cigarette brands at EGP 34.50 per pack, according to a bourse filing. Prices of …

Companies Investments

5 March 2024 11:52 AM Eastern Company’s shareholders nod to capital hike, credit facility agreements

Cairo – Mubasher: Eastern Company’s ordinary general meeting (OGM) approved increasing the issued capital from EGP 2.23 billion EGP to EGP 3 billion by converting EGP 770 million from the reserves into shares. The capital increase share will be …

Corporate Actions

4 February 2024 04:09 PM Eastern Company unveils EGP 2.8bn profits in H1-23/24, capital raise

Cairo – Mubasher: Eastern Company generated EGP 2.89 billion in net profit after tax during the first half (H1) of fiscal year (FY) 2023/2024, an annual drop of 17% from EGP 3.48 billion. The revenues shrank by 20% to EGP 7.92 billion in H1-23/24 …

Board of Directors

31 December 2023 00:04 PM Eastern Company records EGP 2bn block trading deal

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 …

Companies Investments

15 November 2023 10:28 AM Eastern Company’s profits shrink 20% in Q1-23/24

Cairo – Mubasher: The net profits after tax of Eastern Company hit EGP 1.12 billion in the first quarter (Q1) of fiscal year (FY) 2023/2024, down 20% year-on-year (YoY) from EGP 1.40 billion. The EGX-listed firm posted a 32.50% drop in revenue to …

Financial Results

6 September 2023 11:03 AM Eastern Company logs EGP 7.65bn profits in FY22/23; dividend proposed

Cairo – Mubasher: Eastern Company recorded 90% year-on-year (YoY) higher net profits after tax at EGP 7.65 billion during fiscal year (FY) 2022/2023, compared to EGP 4.03 billion. The revenues stood at EGP 17.95 billion as of 30 June 2023, up 5% …

Financial Results

4 September 2023 11:44 AM UAE-based Global Investment acquires 30% equity of Eastern Company

Cairo – Mubasher: UAE-based Global Investment Holding Limited acquired a 30% stake in Eastern Company’s shares at a value of $625 million, according to an official statement. The Egyptian Prime Minister, Mostafa Madbouly, witnessed the signing …

Companies Investments

31 May 2023 08:46 AM Eastern Company sees 24% higher net profits in 9M-22/23

Cairo – Mubasher: The net profits after tax of Eastern Company reached EGP 5.29 billion in the first nine months (9M) of fiscal year (FY) 2022/2023, an annual rise of 24% from EGP 4.25 billion. Revenues jumped by 14% year-on-year (YoY) to EGP …

Financial Results

16 February 2023 00:28 PM Eastern Company’s profits up to EGP 3.48bn in H1-22/23

Cairo – Mubasher: Eastern Company posted a 19% year-on-year (YoY) rise in net profit after tax to EGP 3.48 billion during the first half (H1) of fiscal year (FY) 2022/2023, versus EGP 2.92 billion. The revenues stood at EGP 9.93 billion during the …

Financial Results

14 November 2022 04:57 PM Eastern Company's profits slump 12% in Q1-FY22/23

Cairo – Mubasher: Eastern Company generated EGP 1.40 billion in its net profits during the first quarter (Q1) of fiscal year (FY) 2022/2023, down 12% from EGP 1.59 billion in the year-ago quarter. Total revenues rose by 1% during the three-month …

Financial Results

25 October 2022 01:28 PM Eastern Company approves EGP 1.6/shr dividends for FY21/22

Cairo – Mubasher: The ordinary general meeting (OGM) of Eastern Company has approved the proposed cash dividend distribution of EGP 1.60 per share for fiscal year (FY) ended 30 June 2022, during a meeting on 24 October. The dividends will be paid …

Cash Dividends

29 September 2022 11:43 AM Eastern Company proposes EGP 1.6/shr in FY21/22 dividends

Cairo – Mubasher: Eastern Company has recommended a cash dividend distribution of EGP 1.60 per share for fiscal year (FY) ended 30 June 2022. The decision will be subject to the approval of the ordinary general meeting (OGM), according to a stock …

Cash Dividends

21 September 2022 00:50 PM Eastern Company’s annual profits drop to EGP 4.03bn

Cairo – Mubasher: Eastern Company has achieved EGP 4.03 billion in its net profit after tax and provisions during fiscal year (FY) 2021/2022, down 6% when compared to EGP 4.28 billion a year earlier. Basic earnings per share (EPS) amounted to EGP …

Financial Results

21 September 2022 11:19 AM Eastern Company raises prices of Pall Mall, Viceroy cigarettes brands

Cairo – Mubasher: The board of directors of Eastern Company has approved the new price list of Pall Mall and Viceroy cigarettes brands. The price hike came into effect starting on 21 September 2022. The price of the 20-cigarette packs of Pall Mall …

Companies Investments

4 September 2022 10:48 AM Eastern Company raises prices of its cigarettes

Cairo – Mubasher: The board of directors of Eastern Company has approved the new consumer sale prices on the company’s cigarette products. The price hike was put into effect starting as of 4 September 2022, according to a stock exchange statement …

Board of Directors

8 May 2022 04:04 PM Eastern Company’s unaudited profits exceed EGP 4bn in 9M

Cairo – Mubasher: Eastern Company has generated EGP 4.25 billion in its unaudited net profits during the first nine months (9M) of fiscal year (FY) 2021/2022, an annual growth of 9% from EGP 3.88 billion. During the July-March period of FY21/22, …

Financial Results

15 February 2022 09:21 PM Eastern Company's net profits up 15% in H1-21/22

Cairo – Mubasher: Eastern Company posted net profits of EGP 2.92 billion in the first half (H1) of fiscal year (FY) 2021/2022, up by 15% year-on-year (YoY) from EGP 2.53 billion a year earlier.  Earnings per share reached EGP 1.23 at the end of …

Financial Results

15 November 2021 03:41 PM Eastern Company's profit climbs 38% in Q1-21/22

Cairo – Mubasher: Eastern Company reported net profits of EGP 1.598 billion in the first quarter (Q1) of fiscal year (FY) 2021/2022, up by 37.7% year-on-year (YoY) from EGP 1.16 billion.  The revenues increased to EGP 4.31 billion in the …

Financial Results

14 November 2021 01:00 PM Eastern Company's shareholders nod to dividend for FY20/21, cancellation of treasury shares

Cairo – Mubasher: The ordinary general meeting (OGM) of the Eastern Company approved a proposal to distribute a cash dividend of EGP 1.60 per share for fiscal year (FY) 2020/2021.  The dividends will be disbursed in two instalments; the first …

Corporate Actions

17 October 2021 04:05 PM Eastern Company considers launching reduced-risk smoking products

Cairo – Mubasher: Eastern Company is currently conducting the necessary studies to enter into a new smoking industry (reduced-risk smoking products). The study mainly tests the market in terms of local consumption and demand for smoking …

Company News

17 October 2021 11:33 AM Eastern Company's profit grows 13% in FY20/21; dividends proposed

Cairo – Mubasher: Eastern Company logged net profits of EGP 4.28 billion in fiscal year (FY) 2020/2021, up by 12.8% year-on-year (YoY) from EGP 3.79 billion a year earlier.  The net revenues increased to EGP 16.02 billion in the year ended 30 …

Financial Results