Home Tech/AIIndustry & Trade Egypt’s tobacco maker Eastern Co. to invest $1.14bn in FY2020

Egypt’s tobacco maker Eastern Co. to invest $1.14bn in FY2020

by Amwal Al Ghad English

Egypt’s state-owned top cigarette maker Eastern Company is planning to pump investments worth 1.14 billion Egyptian pounds ($65.8 million) within the financial year 2019/2020.

Also, Eastern Company targets investments up to 1.24 billion pounds within the current financial year 2018/2019.

The company is looking to post net profit worth around 3.8 billion pounds within the next financial year, compared to 3.25 billion within the current financial year.

You may also like

Leave a Comment