{"id":556772,"date":"2021-10-17T13:37:44","date_gmt":"2021-10-17T13:37:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/eastern-co-reports-higher-net-income-in-fy2020-2021\/"},"modified":"2021-10-17T13:37:44","modified_gmt":"2021-10-17T13:37:44","slug":"eastern-co-reports-higher-net-income-in-fy2020-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/eastern-co-reports-higher-net-income-in-fy2020-2021\/","title":{"rendered":"Eastern Co reports higher net income in FY2020-2021"},"content":{"rendered":"

EARNINGS WATCH- Eastern Company reported a 13% rise in its bottom line in FY2020-2021<\/strong>, reporting earnings of EGP 4.3 bn, up from EGP 3.8 bn, according to the company\u2019s earnings filing (pdf)<\/a>. The company recorded EGP 16 bn in revenues during FY2020-2021 from 14.5bn during FY2019-2020, up 11% compared to FY2019-2020.<\/p>\n

<\/a> MARKET NEWS- Emerald mini-IPO tomorrow:<\/strong> Trading on Odin Investments\u2019 real estate investment firm Emerald on the Nilex will begin tomorrow, the EGX said in a statement (pdf)<\/a>.<\/p>\n

MARKET WATCH-<\/strong><\/p>\n

The EGX30 rose 1.5% at today\u2019s close<\/strong> on turnover of EGP 1.3 bn (13.1% below the 90-day average). Local investors were net buyers. The index is up 2.9% YTD.<\/p>\n

In the green: <\/strong>Ezz Steel (+10.3%), Qalaa Holding (+6.4%) and Raya (+4.0%).<\/p>\n

In the red: <\/strong>CIRA (-2.1%), Aspire Capital (-1.8%) and Eastern Company (-1.8%).<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Eastern Company reported a 13% rise in its bottom line in FY2020-2021, reporting earnings of EGP 4.3 bn, up from EGP 3.8 bn, according to the company\u2019s earnings filing (pdf). The company recorded EGP 16 bn in revenues during FY2020-2021 from 14.5bn during FY2019-2020, up 11% compared to FY2019-2020. MARKET NEWS- Emerald mini-IPO […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7219],"tags":[633,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-556772","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-enterprisepm","tag-go-with-the-flow","wpautop","entry"],"acf":{"mongo_id":"9683c8e3-7984-49f0-a66e-f3c202ed32c1","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[556764],"teaser":"","voice_url":""},"yoast_head":"\nEastern Co reports higher net income in FY2020-2021 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/eastern-co-reports-higher-net-income-in-fy2020-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eastern Co reports higher net income in FY2020-2021\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Eastern Company reported a 13% rise in its bottom line in FY2020-2021, reporting earnings of EGP 4.3 bn, up from EGP 3.8 bn, according to the company\u2019s earnings filing (pdf). 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Revenues during the quarter were up 33% to EGP 681.4 mn from EGP 510 mn last year.MB Engineering recorded a net income of EGP 1.4\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564324,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/24\/abu-qir-net-income-up-30-in-2020-2021\/","url_meta":{"origin":556772,"position":4},"title":"Abu Qir net income up 30% in 2020-2021","author":"enterpriseam admin","date":"24 August 2021","format":false,"excerpt":"Abu Qir Fertilizers\u2019 net income rose 30% during FY2020-2021, clocking in at EGP 3.5 bn compared to EGP 2.7 bn the previous year, according to the company\u2019s earnings release (pdf). 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