Eastern Company posted a EGP 1.38 bn net profit in 2Q2020-2021, up 19% from the same period last year, according to the company’s earnings statement (pdf). Revenues increased more than 6% to EGP 4.21 bn during the three-month period. “All financial and sales indicators this quarter are the highest ever,” CEO Hany Aman said, pointing to record sales volumes and production. Management has targeted improvements in operational efficiency to deliver “sustainable and stable growth rates,” he said.

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