Eastern Tobacco: Net Profit Hit EGP 165 Mln In Q1

Eastern Tobacco  (EAST.CA)’s board of directors approved on Tuesday the company’s financial results for the first quarter of 2012 which reported a net profit of EGP 165 million, compared to EGP 121 million a year earlier.

Eastern Tobacco ‘s Q1/2012 financial results also revealed that the net sales rose to EGP 1.227 billion, compared to EGP one billion a year earlier. The gross profit hiked to EGP 237 million during Q1/2012, compared to EGP 163 million during Q1/2011.

Meanwhile, the basic earnings per share for Q1/2012 reached EGP 2.87, compared to EGP 1.95 a year earlier.