CAIRO: Egyptian cigarette monopoly Eastern Company said it planned to raise exports 3 percent to LE 62.1 million ($11.2 million) in its 2010-11 year.
Eastern, whose trademark brands include Cleopatra cigarettes and tobacco, also said in a statement on Monday it planned to raise local sales 3 percent to LE 10.1 billion in 2010-2011.
Eastern also makes higher-margin foreign brands for multinationals such as British American Tobacco and Philip Morris. Eastern posted unaudited nine-month net profit for the period ended March 2010 of LE 626 million.
