Eastern Tobacco Says Net Profit 11.4% Up in FY12/13

Egypt’s cigarette monopoly Eastern Company (Eastern Tobacco) (EAST.CA) has revealed an increase of 11.4% in its net profits to EGP 754 million during the fiscal year of 2012-2013. It is worth noting that Eastern Tobacco had posted a net profit of EGP 677 million during the fiscal year of 2011-2012.

This comes after Eastern Tobacco’s board of directors had ratified the company’s financial results indicators for the first nine months of FY2012/13, registering a net profit of EGP 663 million, against EGP 589 million for the same period a year earlier.