Latest in Tag: Eastern Company Highlight
Latest in Tag: Eastern Company
Eastern Company increases price of 10 popular types of cigarettes
The new prices are scheduled to be applied starting Sunday, September 4th, 2022, after the price list was approved by the Board of Directors in its session yesterday, in accordance with the provisions of the VAT Law and its amendments, as well as the Comprehensive Health Insurance Law No. 2 of 2018.
Qatar Investment Authority in talks for stakes in Alexandria Containers, Eastern Company
$20bn Qatari investments are on the way to Egypt: Sources
Eastern Company to inject EGP 24m into capital of United Tobacco
The deal required approving the printing contract with the United Tobacco Company and approving the main agreement to regulate relations between the United Tobacco Company and the Eastern Company.
Eastern Company to move to 6th October industrial complex within 2 years
Price hike of cigarettes is due to high cost of shipping: Aman
Eastern Company announces start of largest digital transformation project in Egypt
The project aims to organise the resources and processes resulting from daily business and linking departments to each other through a single system to raise the efficiency and performance of work within the system, as well as link all the company’s transactions, in line with the state’s plans to foster digital transformation.
Eastern Company partners to manufacture Davidoff Evolve cigarettes in Egypt
The product is owned by Imperial Brands, which has been represented in the Egyptian market by Al-Mansour for a long time.
Eastern Company studies manufacturing reduced-risk smoking products in Egypt
Company achieves net income of EGP 16bn in FY 2020/21
Eastern Company extends joint manufacturing agreement with Japan Tobacco for 3 years
New agreement has different conditions from previous one, says CEO of Eastern Company
Eastern Company reports net profit of EGP 1.35bn in Q1 2021
Company records EGP 3.89bn net profit for nine-month period ending on 31 March 2021
Eastern Company reports tobacco sales rise to EGP 37.7bn in 7 months
Company’s net profit increases by 17% to EGP 2.95bn in same period
EAST records historic highs in production, sales, profitability in Q2 of FY 2020/21
Egypt’s leading tobacco product manufacturer, the Eastern Company (EAST), has reported historic high records in its financial indicators for the second quarter (Q2) of fiscal year (FY) 2020/21.
Cigarette prices up EGP 0.25 to finance healthcare insurance programme
Eastern Company upgrades its production facilities, increasing capacity to 250m cigarettes/day
Eastern Company for tobacco records highest production rate in November
The company said in a statement to the Egyptian Exchange (EGX), on Tuesday, that this rate constitutes an unprecedented record that it has not seen before.
Eastern Company to invest up to EGP 1.25bn in FY 2020/21
Company is negotiating with international counterparts for partnership on heated tobacco products manufacturing
Eastern Company records revenues of EGP 14.6bn in FY 2019/20
The company’s financial indicators also show that its profits increased marginally on an annual basis, reaching EGP 3.794bn during FY 2019/2020. This compared to the profits of EGP 3.733bn recorded in the previous fiscal year.
Eastern Company raises prices on luxury tobacco products
Company has raised prices of all its cigarettes and molasses tobacco products several times during past few years
Eastern Company targets 9% revenue growth in FY 2021
Eastern Company new budget targets a top-line of EGP 15.9bn, a growth of 8.6% compared to FY 2020.
Eastern Company among Forbes’ 100 strongest Middle East companies in 2020
Lower costs, higher selling prices, and improved sales mix supported company’s business results
Eastern Company looks set to overcome pandemic with stable sales
Expected y-o-y improvement driven by increase in sales, average ex-factory prices
Eastern Company to auction plots on 6 February
The company said earlier that the cost of renewing and replacing machines and spare parts costs between EGP 700m and EGP 800m annually, especially as the company works on a monthly basis to renew machines and production lines.
Eastern Company increases cigarette prices to cover fuel, electricity price hikes
Prices of the company’s products to increase by EGP 1 after the approval of new tax, says Fouad
Eastern Company operates new machine with 8,200 cigarette stick/minute
Company started exporting molasses tobacco to UAE, Bahrain, Oman
EFG Hermes closes follow-on offering of Eastern Company on EGX
Transaction was met with strong demand from global, regional, Egyptian investors
Regional institutional funds account for almost 85% of Eastern Company private placement: source
Public offering of company to start Sunday amid expectations of heavy demand
Eastern Company’s employees profit share increase to weigh on performance: report
Firm surplus cash balance dropped by EGP 3bn to EGP 1.78bn
Zulficar & Partners tapped as legal counsel on 4.5% stake sale of Eastern Company
Transaction is scheduled to take place sometime between 21-25 October
Government IPO scheme launches in full swing with Eastern Company’s additional 4.5% stake
NI Capital picks up EFG Hermes to manage offering, says Moeit
Eastern Company negotiates with foreign tobacco companies to add new products to middle price segment
Company produced 62m cigarettes in last FY with a market share of 72%, says Haroun
Eastern Company targets 132% increase in profits to EGP 3.25bn in FY 2018/2019
Cigarette maker aims to pay EGP 57.5bn in taxes, compared to EGP 49.7bn in FY 2017/2018
New healthcare law to positively impact Eastern Company profitability: report
Pharos expects company’s revenues to surge 13% in FY 2017/2018