Arab Finance: Eastern Company’s net profits after tax climbed 62% year on year (YoY) in the first quarter (Q1) of fiscal year (FY) 2024/2025, according to the financial indicators filed to the Egyptian Exchange (EGX) on November 13th.

The company earned EGP 1.825 billion in net profits in Q1 of the current FY, compared to EGP 1.124 billion in Q1 of the previous FY.

Meanwhile, net revenues went up 162% YoY in the July-September period, logging EGP 8.125 billion, versus EGP 3.098 billion a year earlier.

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 cigarette filter rods and homogenized tobacco.

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