Cairo – Mubasher: Eastern Company said Tuesday that it has moved the ordinary general meeting (OGM) to 11 April instead of 9 April.
The OGM is set to discuss the estimated budget for fiscal year 2017/2018, according to a bourse statement.
The company said that it seeks to increase its profits for the next fiscal year by 3.7% year-on-year to EGP 1.4 billion.
The estimated budget was prepared based on the current USD/EGP exchange rate at EGP 18.
Eastern Company’s stock declined on Monday by 0.02% to EGP 200.
