Egypt’s to cigarette maker profit up by 19%

Rising profits for Eastern Co, Egyptian cigarette maker. (File photo: Reuters)

Egypt's top cigarette maker Eastern Co said on Sunday its nine-month net profit rose by 19.4 percent compared with the same period last year.

The company's net profit from July 1 to March 31 reached 841.760 million Egyptian pounds ($110.39 million), up from 704.705 million pounds in same period last year, it said in a statement.

Nine-month revenues rose to 5.250 million Egyptian pounds from 4.462 million pounds in same period last year.

($1 = 7.6250 Egyptian pounds)

Last Update: Wednesday, 20 May 2020 KSA 09:45 - GMT 06:45