Arab Finance: 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, the financial results showed.
The net profits were compared with EGP 2.896 billion in H1 FY2023/24.
Total sales hiked by 102% YoY to EGP 53.463 billion at the end of December 2024 from EGP 26.453 billion, while the net revenues jumped by 133% YoY to EGP 18.455 billion from EGP 7.921 billion.
The EGX-listed firm witnessed stable financial performance, backed by sales volume growth and revenue expansion.
In the first quarter (Q1) of FY2024/25, Eastern Company generated net profits after tax valued at EGP 1.825 billion, an annual leap of 62% from EGP 1.124 billion.