Eastern Company sold 83 bn cigarettes in Egypt last FY

Egyptians smoked EGP 36.7 bn-worth of cigarettes in FY 2016-17, up form EGP 28.5 bn a year earlier, data from Eastern Company showed. The company increased its production output to 83 bn cigarettes from 80 bn a year earlier, the data also showed. Eastern Company exported EGP 103.5 mn worth of cigarettes in FY2016-17, up from EGP 66 mn a year before. Ahram Gate notes that 19.6% of Egypt’s population are smokers and 60% of them smoke between 15-24 cigarettes a day.