A shining Q1
Q1 2016/2017 sales grew by 9.54% to EGP1.918bn vs. EGP1.751bn, a year ago. The tobacco monopoly’s profit stood at EGP427.318m, up by 16.32%, yoy. The net margin reached 22.28% by the end of September 2016 vs. 20.98% a year ago.Eastern Company SAE is an Egypt-based company, which is engaged in manufacturing tobacco products. The Company's product portfolio includes cigarettes, cigars, pipe tobacco, and molasses tobacco (Moassels), as well as other related products such as cigarettes' filter rods and homogenized tobacco. Its products are divided into two segments: Export and Local products. Its Export cigarette, cigar and molasses products include such brands as Cleopatra, Taba, Golden West, President and Delta. Its Local segment offers brands, including Cleopatra, Mondial, Corona, Jose Bartolo and Legation, among others. In addition, The Company is also active in the investment, financial, commercial, industrial, agricultural, real estate and services sectors.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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