Eastern Tobacco Injected Investments Worth EGP 610 Mln, H1

Eastern Tobacco  (EAST.CA) reported Sunday a growth of 7% in its net profit which has reached  EGP 677.136 million during the first half of 2012, compared to a year earlier net profit of EGP 631.936 million.

Net sales rose to EGP 4.803 billion during H1/2012, compared to EGP 4.374 billion a year earlier.

Gross profit –  after excluding the cost of sales – hiked to EGP 1.045 billion through H1/2012 – compared to EGP 909.057 million in H1/2011.

Meanwhile, the company has trimmed the working capital’s losses to EGP 121.342 billion for H1/2012, compared to EGP 686.258 billion for H1/2011.

Worth mentioning, Eastern Tobacco has injected investments worth EGP 610 million during H1/2012. The company’s issued capital is valued at EGP 750 million distributed to 50 million securities in which the par value is EGP 15 per share.