{"id":645663,"date":"2017-07-26T04:14:01","date_gmt":"2017-07-26T04:14:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/eastern-company-sees-sales-up-by-egp-300-mn-in-fy2017-18\/"},"modified":"2017-07-26T04:14:01","modified_gmt":"2017-07-26T04:14:01","slug":"eastern-company-sees-sales-up-by-egp-300-mn-in-fy2017-18","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/eastern-company-sees-sales-up-by-egp-300-mn-in-fy2017-18\/","title":{"rendered":"Eastern Company sees sales up by EGP 300 mn in FY2017-18"},"content":{"rendered":"<p>The Eastern Tobacco Company expects to see its revenues climb by additional EGP 300 mn to EGP 12.2 bn in FY2017-18 following the recent hike in some of its product prices, the company said in <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/%D8%A7%D9%84%D8%B4%D8%B1%D9%82%D9%8A%D8%A9%20%D9%84%D9%84%D8%AF%D8%AE%D8%A7%D9%86%20%D8%A8%D9%8A%D8%A7%D9%86-25-07-2017.pdf\">an EGX filing<\/a>. <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/13\/eastern-company-raises-low-cost-cleopatra-cigarettes-prices-by-4-2-17-6\/\">Earlier this month<\/a>, Eastern Company had increased the prices for three of its Cleopatra cigarettes by 4.2-17.6% due to increasing production costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Eastern Tobacco Company expects to see its revenues climb by additional EGP 300 mn to EGP 12.2 bn in FY2017-18 following the recent hike in some of its product prices, the company said in an EGX filing. Earlier this month, Eastern Company had increased the prices for three of its Cleopatra cigarettes by 4.2-17.6% [&hellip;]<\/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":[9309],"tags":[2416,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645663","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"2d09d045-3bcd-4553-b975-fc62074a48d5","order":"0","is_powered_by":true,"section_story_id":"7bbfd2f9-6c9c-495f-acbe-ca16a2fe5090","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645632],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Eastern Company sees sales up by EGP 300 mn in FY2017-18 - 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\/2017\/07\/26\/eastern-company-sees-sales-up-by-egp-300-mn-in-fy2017-18\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eastern Company sees sales up by EGP 300 mn in FY2017-18\" \/>\n<meta property=\"og:description\" content=\"The Eastern Tobacco Company expects to see its revenues climb by additional EGP 300 mn to EGP 12.2 bn in FY2017-18 following the recent hike in some of its product prices, the company said in an EGX filing. Earlier this month, Eastern Company had increased the prices for three of its Cleopatra cigarettes by 4.2-17.6% [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/eastern-company-sees-sales-up-by-egp-300-mn-in-fy2017-18\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-26T04:14:01+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\/2017\/07\/26\/eastern-company-sees-sales-up-by-egp-300-mn-in-fy2017-18\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/eastern-company-sees-sales-up-by-egp-300-mn-in-fy2017-18\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Eastern Company sees sales up by EGP 300 mn in FY2017-18\",\"datePublished\":\"2017-07-26T04:14:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/eastern-company-sees-sales-up-by-egp-300-mn-in-fy2017-18\/\"},\"wordCount\":70,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Basic Materials + Commodities\",\"EnterpriseAM\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/eastern-company-sees-sales-up-by-egp-300-mn-in-fy2017-18\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/eastern-company-sees-sales-up-by-egp-300-mn-in-fy2017-18\/\",\"name\":\"Eastern Company sees sales up by EGP 300 mn in FY2017-18 - 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Mundial cigarettes now cost EGP 17.5 per pack and Black Label costs EGP 23 per pack. The increase is due to VAT, the company said.","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647763,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/18\/eastern-company-pmi-agree-on-new-prices-for-cigarette-production\/","url_meta":{"origin":645663,"position":1},"title":"Eastern Company, PMI agree on new prices for cigarette production","author":"enterpriseam admin","date":"18 May 2017","format":false,"excerpt":"The Eastern Tobacco Company will be producing up to 15 bn cigarettes for Philip Morris International at USD 5.8 per 1,000 units and between 15-22 bn cigarettes at USD 6.2 per 1,000 cigarettes, the company said in a regulatory filing (pdf) on Wednesday. Philip Morris will pay Eastern Company in\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626581,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/eastern-company-raises-local-cigarette-prices-by-egp-3-25-per-pack\/","url_meta":{"origin":645663,"position":2},"title":"Eastern Company raises local cigarette prices by EGP 3.25 per pack","author":"enterpriseam admin","date":"5 July 2018","format":false,"excerpt":"The Eastern Tobacco Company hiked prices of four of its local cigarette products by EGP 2.00-3.25 per pack, according to a company statement picked up by the local press. The company leaned on the recent hike in fuel prices to justify the increases.","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648374,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/02\/6-egp-bn-lost-as-12-of-cigarettes-in-egypt-are-smuggled-pmi-egypt\/","url_meta":{"origin":645663,"position":3},"title":"6 EGP bn lost as 12% of cigarettes in Egypt are smuggled -PMI Egypt","author":"enterpriseam admin","date":"2 April 2017","format":false,"excerpt":"Smuggled cigarettes cost the treasury over EGP 6 bn in unearned revenue, Philip Morris International-Egypt (PMI) said in a statement, according to Al Borsa. The volume of smuggled and unlicensed cigarettes in Egypt account over 12% of all those consumed, PMI explained. Al Borsa notes that local manufacturer Eastern Company\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651570,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/15\/eastern-company-says-pmi-owes-it-usd-78-2-mn\/","url_meta":{"origin":645663,"position":4},"title":"Eastern Company says PMI owes it USD 78.2 mn","author":"enterpriseam admin","date":"15 February 2017","format":false,"excerpt":"The Eastern Company for tobacco said it is owed USD 78.2 mn from Philip Morris International (PMI) for manufacturing in 1Q2016-17 as well as EGP 33.5 mn in sales tax due for 1H2016-17, according to Al Mal. Eastern Company says it paid taxes on behalf of PMI but was not\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649542,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/philip-morris-settles-with-eastern-company-future-payments-to-be-in-egp-equivalent\/","url_meta":{"origin":645663,"position":5},"title":"Philip Morris settles with Eastern Company, future payments to be in EGP equivalent","author":"enterpriseam admin","date":"2 March 2017","format":false,"excerpt":"Eastern Company announced it reached an agreement with Philip Morris International to get it \u201cto pay back outstanding debt and make future payments in the local currency,\u201d Reuters reports. 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