{"id":559693,"date":"2021-02-01T04:06:47","date_gmt":"2021-02-01T04:06:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/cigarette-maker-eastern-posts-record-results-for-2q2020-2021\/"},"modified":"2021-02-01T04:06:47","modified_gmt":"2021-02-01T04:06:47","slug":"cigarette-maker-eastern-posts-record-results-for-2q2020-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/cigarette-maker-eastern-posts-record-results-for-2q2020-2021\/","title":{"rendered":"Cigarette maker Eastern posts record results for 2Q2020-2021"},"content":{"rendered":"

Eastern Company posted a EGP 1.38 bn net profit in 2Q2020-2021<\/strong>, up 19% from the same period last year, according to the company\u2019s earnings statement (pdf).<\/a> Revenues increased more than 6% to EGP 4.21 bn during the three-month period. \u201cAll financial and sales indicators this quarter are the highest ever,\u201d CEO Hany Aman said, pointing to record sales volumes and production. Management has targeted improvements in operational efficiency to deliver \u201csustainable and stable growth rates,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2019s earnings statement (pdf). Revenues increased more than 6% to EGP 4.21 bn during the three-month period. \u201cAll financial and sales indicators this quarter are the highest ever,\u201d CEO Hany Aman said, pointing […]<\/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":[7208],"tags":[409,247,72,7401],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559693","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-earnings-watch","tag-eastern-company","tag-enterpriseam","tag-tobacco","wpautop","entry"],"acf":{"mongo_id":"ce908605-628b-4309-bbf6-594f6c6787dd","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[559677],"teaser":"","voice_url":""},"yoast_head":"\nCigarette maker Eastern posts record results for 2Q2020-2021 - 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\/02\/01\/cigarette-maker-eastern-posts-record-results-for-2q2020-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cigarette maker Eastern posts record results for 2Q2020-2021\" \/>\n<meta property=\"og:description\" content=\"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\u2019s earnings statement (pdf). Revenues increased more than 6% to EGP 4.21 bn during the three-month period. \u201cAll financial and sales indicators this quarter are the highest ever,\u201d CEO Hany Aman said, pointing […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/cigarette-maker-eastern-posts-record-results-for-2q2020-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-01T04:06:47+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/cigarette-maker-eastern-posts-record-results-for-2q2020-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/cigarette-maker-eastern-posts-record-results-for-2q2020-2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cigarette maker Eastern posts record results for 2Q2020-2021\",\"datePublished\":\"2021-02-01T04:06:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/cigarette-maker-eastern-posts-record-results-for-2q2020-2021\/\"},\"wordCount\":84,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"earnings watch\",\"Eastern Company\",\"EnterpriseAM\",\"tobacco\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/cigarette-maker-eastern-posts-record-results-for-2q2020-2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/cigarette-maker-eastern-posts-record-results-for-2q2020-2021\/\",\"name\":\"Cigarette maker Eastern posts record results for 2Q2020-2021 - 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Revenues fell 17% y-o-y to EGP 340.2 mn over the quarter, down from EGP 409.1 mn. 2Q2020\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573561,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/earnings-watch-emaar-misr-turns-a-profit-in-2q2020\/","url_meta":{"origin":559693,"position":1},"title":"Earnings watch: Emaar Misr turns a profit in 2Q2020","author":"enterpriseam admin","date":"10 August 2020","format":false,"excerpt":"EARNINGS WATCH- Emaar Misr recorded a net profit of EGP 366 mn 2Q2020, up from a net loss of EGP 324 mn in the same period last year, according to the company\u2019s quarterly financial statements (pdf). This came despite revenue falling 13% to EGP 771 mn during the quarter. 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