Eastern Company logged 86% year-on-year (YoY) higher net profits after tax at EGP 5.382 billion in the first half (H1) of fiscal year (FY) 2024/25

Eastern Company’s net profits after tax climbed 62% year on year (YoY) in the first quarter (Q1) of fiscal year (FY) 2024/2025.

A block-trading transaction has been executed on 35 million shares of Eastern Company at a value of EGP 875 million.

Eastern Company’s board has set new prices for its cigarette products, applicable as of Tuesday, November 5th.

A block-trading transaction has been executed on 20 million shares of Eastern Company at a value of EGP 500 million.

Eastern Company has renewed its manufacturing and joint cooperation agreement with Japan Tobacco International (JTI) for the next three years.

Eastern Company has decided to pay cash dividends of EGP 2.70 per share, or a total of EGP 8.10 billion, to shareholders in two installments for the fiscal year ended June 30th, 2024.

Eastern Company (EAST) reported a 19.9% year-on-year (YoY) increase in standalone net profits after tax and non-controlling interest for the fiscal year (FY) 2023/2024.

Eastern Company has made initial investments of $20 million to boost the efficiency of its production lines in the short term.

Eastern Company’s board has set new prices for its cigarette products, applicable as of Friday, July 12th.

Eastern Company is seeking to purchase quantities of raw tobacco worth up to $1.2 billion to secure its needs for the next two years.

Eastern Company (EAST) reported a 2.24% year-on-year (YoY) decrease in net profit for the nine-month period ended March 31st, according to the company’s financial results filed to the Egyptian Exchange (EGX) on May 30th.

Philip Morris International has acquired an indirect minority stake of 14.7% in Eastern Company.

hilip Morris International’s recent acquisition of an 14.7% indirect minority stake in Eastern Company marks a significant opportunity for cooperation between the two largest cigarette makers in the region.

The Egyptian Exchange’s (EGX) listing committee has approved listing an increase of EGP 770 million for Eastern Company’s issued and paid-up capital.

Eastern Company aims to introduce its products to international markets as part of its expansion plan for the upcoming three to five years, the company’s Chairman Hany Aman said in an exclusive statement to Arab Finance on May 14th.

Eastern Company has raised the prices of its products by up to 15%, applicable as of Sunday, April 14th, Al Borsa News reported, citing a statement by the tobacco maker.

Eastern Company’s (EAST) ordinary and extraordinary general meetings (OGM and EGM) have approved using EGP 770 million from the retained earnings to raise the company’s issued capital.

Eastern Company has raised the prices of its products, applicable as of February 18th.

Eastern Company (EAST) reported a 16.99% year-on-year (YoY) decrease in net profit for the first half (H1) of the current fiscal year (FY) 2023/2024, according to the company’s financial results filed to the Egyptian Exchange (EGX) on February 7th.