Eastern Tobacco Egypt to Buy EGP100mn Investment Certificates in Suez Canal

By Salma Ayman On Sep 2, 2014

Eastern Tobacco Egypt Company has decided yesterday to buy investment certificates in Suez Canal with EGP100 million as the purchase will be through two batches, each batch EGP50 million according to the available liquidity of the company.

Meanwhile, the company attained EGP883.2 million profits in the ended fiscal year of June30 against EGP754.4 million in the last fiscal year, move up by 17% growth rates.