Eastern Company Q1 profit up 66 pct y-o-y

DNE
DNE
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CAIRO: Egypt’s cigarette monopoly Eastern Company posted a first quarter net profit of LE 121 million ($20 million), up 66 percent from a year earlier, the stock exchange said on Sunday.

The firm’s financial year begins on July 1.

Eastern Company made a net profit of LE 72.8 million in the same quarter of last year, the bourse said.

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