Eastern Co records profits of EGP 3.13bn in 9 month
Eastern Company’s net profit increased of 8 percent recording 3.13 billion Egyptian pounds in the first nine months of fiscal year 2019/2020, compared to 2.895 billion pounds a year earlier according to an unaudited financial results.
The profit increase was attributed to several reasons, most importantly the rise in gross profits by 600 million pounds.
It is worth mentioning that during the first half of FY19/20, Eastern Co. logged 2.21 billion pounds in net profits, compared to 2.02 billion pounds in the prior-year period.