Arab Finance: 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, according to the company’s financial statement.

The company’s standalone net profits came in at EGP 9.181 billion last FY, up from EGP 7.657 billion the year before.

Meanwhile, standalone revenues grew to EGP 20.447 billion from EGP 17.82 billion.

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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