Home Tech/AIIndustry & Trade Egypt’s Eastern Company Q1 net profit ups to 1.04bn pounds

Egypt’s Eastern Company Q1 net profit ups to 1.04bn pounds

by Yomna Yasser

Egypt’s Eastern Company’s, affiliated to Chemical Industries Holding, first-quarter net profit after tax climbed to 1.04 billion Egyptian pounds ($59 million), the company said Thursday in a bourse filling.

Profit stood at 427.3 million during the first quarter of 2016.

Revenues jumped to 3.18 billion pounds from 1.92 billion pounds last year.

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