{"id":641756,"date":"2024-09-02T00:00:00","date_gmt":"2024-09-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/"},"modified":"2024-09-02T00:00:00","modified_gmt":"2024-09-02T00:00:00","slug":"eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/","title":{"rendered":"Eastern Company sees income rise 69% to EGP 4 bn during the last quarter of the fiscal year"},"content":{"rendered":"

Tobacco giant Eastern Company saw its net income rise 69% y-o-y in 4Q FY 2023-24 to<\/strong> EGP 4.0 bn<\/strong>, according to the company\u2019s latest financial statements (pdf)<\/a>. Revenues were up 103% y-o-y for the quarter, reaching EGP 6.7 bn, which the company attributed to a 28% y-o-y increase in sales.<\/p>\n

For the full year: <\/strong>The company saw its net income rise 20% y-o-y to EGP 9.2 bn during the fiscal year 2023-2024. Revenues were up 15% y-o-y to EGP 20.4 bn thanks to a 14% y-o-y increase in cigarette sales. <\/p>\n

It was a busy (fiscal) year for Eastern:<\/strong> UAE-based Global Investment Holding (GIH) became the largest shareholder<\/a> in the state-owned tobacco giant in November 2023 in a USD 625 mn transaction that marked the largest transaction of the state\u2019s privatization strategy since it was rebooted earlier in the year. A few months later in May 2024, US-based tobacco behemoth Phillip Morris acquired an indirect 14.7% stake<\/a> in Eastern from GIH.<\/p>\n

Dividends pay out:<\/strong> The company could pay a dividend of EGP 2.7 per share on its earnings for the year. The move is up for discussion during the company\u2019s next general assembly scheduled for 26 September. <\/p>\n","protected":false},"excerpt":{"rendered":"

The company could pay a dividend of EGP 2.7 per share on its earnings<\/p>\n","protected":false},"author":1,"featured_media":641757,"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":[302,409,247,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-641756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings","tag-earnings-watch","tag-eastern-company","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"1342f445-81fe-4f05-a43c-986ddf223613","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/1830.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian tobacco giant Eastern Company sees income rise 69% to EGP 4 bn during the last quarter of the fiscal year","related_issue":[641742],"teaser":"The company could pay a dividend of EGP 2.7 per share on its earnings","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.42eb9f0a-ca28-4541-82aa-85bc0b6889e1.mp3"},"yoast_head":"\nEastern Company sees income rise 69% to EGP 4 bn during the last quarter of the fiscal year - 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\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eastern Company sees income rise 69% to EGP 4 bn during the last quarter of the fiscal year\" \/>\n<meta property=\"og:description\" content=\"The company could pay a dividend of EGP 2.7 per share on its earnings\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-02T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1830.jpg?fit=%2C&ssl=1\" \/>\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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Eastern Company sees income rise 69% to EGP 4 bn during the last quarter of the fiscal year\",\"datePublished\":\"2024-09-02T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/\"},\"wordCount\":199,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1830.jpg?fit=%2C&ssl=1\",\"keywords\":[\"earnings\",\"earnings watch\",\"Eastern Company\",\"EnterpriseAM\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/\",\"name\":\"Eastern Company sees income rise 69% to EGP 4 bn during the last quarter of the fiscal year - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1830.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-09-02T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1830.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1830.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Eastern Company sees income rise 69% to EGP 4 bn during the last quarter of the fiscal year\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Eastern Company sees income rise 69% to EGP 4 bn during the last quarter of the fiscal year - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/","og_locale":"en_US","og_type":"article","og_title":"Eastern Company sees income rise 69% to EGP 4 bn during the last quarter of the fiscal year","og_description":"The company could pay a dividend of EGP 2.7 per share on its earnings","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-09-02T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1830.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Eastern Company sees income rise 69% to EGP 4 bn during the last quarter of the fiscal year","datePublished":"2024-09-02T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/"},"wordCount":199,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1830.jpg?fit=%2C&ssl=1","keywords":["earnings","earnings watch","Eastern Company","EnterpriseAM"],"articleSection":["EARNINGS WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/","name":"Eastern Company sees income rise 69% to EGP 4 bn during the last quarter of the fiscal year - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1830.jpg?fit=%2C&ssl=1","datePublished":"2024-09-02T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1830.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1830.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Eastern Company sees income rise 69% to EGP 4 bn during the last quarter of the fiscal year"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1830.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1830.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1830.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":587677,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/30\/earnings-watch-telecom-egypt-mm-group-housing-and-development-bank-raya-holding-eastern-company-and-abu-qir-fertilizers-report-results\/","url_meta":{"origin":641756,"position":0},"title":"Earnings watch: Telecom Egypt, MM Group, Housing and Development Bank, Raya Holding, Eastern Company, and Abu Qir Fertilizers report results","author":"enterpriseam admin","date":"30 May 2023","format":false,"excerpt":"EARNINGS WATCH- Telecom Egypt reported EGP 4.1 bn in normalized net income in 1Q 2023, rising 144% y-o-y, according to its earnings release (pdf). The company\u2019s revenues climbed 48% y-o-y to EGP 14 bn during the quarter.MM Group for Industry and International Trade\u2019s net income rose 201.7% y-o-y to EGP\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":577282,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/16\/so-many-earnings\/","url_meta":{"origin":641756,"position":1},"title":"So. Many. Earnings.","author":"enterpriseam admin","date":"16 November 2022","format":false,"excerpt":"More robust results as we go down to the wire on earnings season: Yesterday saw another flurry of earnings releases land in our inbox, with contractors, tech, and pharma firms all posting strong results. Here\u2019s the rundown:ELSEWEDY ELECTRIC-Elsewedy Electric\u2019s revenues rose 53% to EGP 62.6 bn in 9M 2022, according\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/263.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543757,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/16\/palm-hills-says-in-a-flash-note-its-turned-in-its-best-ever-sales-performance-eastern-company-reports-2q2021-2022-results\/","url_meta":{"origin":641756,"position":2},"title":"Palm Hills says in a flash note it\u2019s turned in its best-ever sales performance + Eastern Company reports 2Q2021-2022 results","author":"enterpriseam admin","date":"16 February 2022","format":false,"excerpt":"Palm Hills Developments saw sales rise 35% y-o-y last year to EGP 17.3 bn \u2014 marking the company\u2019s highest ever new sales figure and surpassing its EGP 15 bn target, according to a statement (pdf). Sales were driven by an 82% y-o-y increase in the number of units sold, as\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":552686,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/21\/earnings-watch-eastern-company-cib-to-move-forward-with-capital-increase\/","url_meta":{"origin":641756,"position":3},"title":"Earnings watch: Eastern Company + CIB to move forward with capital increase","author":"enterpriseam admin","date":"21 September 2022","format":false,"excerpt":"EARNINGS WATCH-Eastern Company\u2019s net income after tax dropped 6% y-o-y to EGP 4.0 bn in FY 2021-2022, according to the company\u2019s earnings release (pdf). Revenues increased 7% y-o-y during the fiscal year to EGP 17.1 bn. CIB\u2019s planned capital increase gets the all clear: CIB will go ahead with its\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":598175,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/16\/earnings-watch-adib-acc-b-investments-raya-naeem-hhd-eastern-obourland-eipico\/","url_meta":{"origin":641756,"position":4},"title":"Earnings watch: ADIB, ACC, B Investments, Raya, Naeem, HHD, Eastern, Obourland, EIPICO","author":"enterpriseam admin","date":"16 May 2019","format":false,"excerpt":"EARNINGS WATCH- B Investments posted a net profit of EGP 35.48 mn in 1Q2019, up 5.5% y-o-y from EGP 33.53 mn in the comparable quarter last year, the company said (pdf). The rise in profits was fueled by an 18% increase in revenues to EGP 50.25 mn during the quarter\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":546232,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/09\/earnings-watch-eastern-company\/","url_meta":{"origin":641756,"position":5},"title":"Earnings watch: Eastern Company","author":"enterpriseam admin","date":"9 May 2022","format":false,"excerpt":"Eastern Company\u2019s bottom line fell 1% y-o-y to EGP 1.3 bn in 3Q 2021-2022, the company said in an earnings release (pdf). The drop in earnings came despite a 7% rise in net revenue to reach EGP 4.2 bn. The local cigarette maker reported a 9% rise in earnings in\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/104.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/641756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=641756"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/641756\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/641742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/641757"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=641756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=641756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=641756"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=641756"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=641756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}