Egypt’s tobacco maker Eastern Co. to invest $1.14bn in FY2020

Big 5

Egypt’s state-owned top cigarette maker Eastern Company is planning to pump investments worth 1.14 billion Egyptian pounds ($65.8 million) within the financial year 2019/2020.

Also, Eastern Company targets investments up to 1.24 billion pounds within the current financial year 2018/2019.

The company is looking to post net profit worth around 3.8 billion pounds within the next financial year, compared to 3.25 billion within the current financial year.