Cairo - Mubasher: Eastern Company’s adjusted financial statements showed a 20% year-on-year rise in profits in fiscal year 2016/2017.
Profits amounted to EGP 1.77 billion during the fiscal year ended June 2017, compared to EGP 1.47 billion in the same period last year, according to a company statement to the Egyptian Exchange (EGX) on Wednesday.
The company’s sales rose by 38% to EGP 10.5 billion during FY16/17 versus EGP 7.6 billion in the previous fiscal year.
Eastern Company’s stock lost 0.35% to EGP 288.98 at the end of Tuesday’s session, after trading EGP 15.9 million.
