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

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.