Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » EGY Claps » Earnings 📈 » Eastern Company’s profits affected 📉

Eastern Company’s profits affected 📉

by Omar El Shorafa
September 22, 2022

The Clap
Eastern Company (EAST) announced a decrease in its profits during the 2021-2022 fiscal year by 5.8% YoY, recording EGP 4.03 billion.

The Deets
The decrease in profits occurred despite the 6% increase in revenues YoY, which reached EGP 68 billion.

According to the company, the main reasons for the decline in profits were the early retirement system and the settlement of taxes that were owed by the company for years.

Early Retirement
The early retirement system allows company employees the opportunity to retire from work voluntarily, with financial advantages, without the need to wait for the age of 60.

Need to Know
Eastern Company recently increased the prices of many of its products due to the high prices of imported raw materials.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Despite rising revenues, CIRA’s profits decline
Earnings 📈

Despite rising revenues, CIRA’s profits decline

by Omar El Shorafa
January 25, 2023
Earnings 📈

Dice has higher prices to thank for turning profitable👚

by Shams Abbas
November 29, 2022
Industrials 🏗

Sidi Kerir’s profits jump 107% in 9 months👆

by Shams Abbas
November 6, 2022
Earnings 📈

Qalaa Holdings records profit for Q2 2022 🛢

by Omar El Shorafa
October 1, 2022
Earnings 📈

Remco losses decrease by 29% in H1 2022

by Omar El Shorafa
September 13, 2022
Misr Oil & Soap, Earnings, Claps
Earnings 📈

Misr Oil & Soap profits fell 7.6% during 2021-2022 🧼

by Omar El Shorafa
September 12, 2022

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)