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Thndr Claps » Uncategorized » Eastern Company reports earnings; announces dividends🚬

Eastern Company reports earnings; announces dividends🚬

by Shams Abbas
October 25, 2022

The Clap
Eastern Company (EAST) reported EGP 4 billion in net profits for the 2021-2022 fiscal year, a 6% year-over-year decrease.

Deets
The drop in net profits came despite revenues jumping 8% YoY, as 

So what
The tobacco giant will be distributing EGP 1.6/share in dividends sometime next month.

Now what
EAST’s Chairman said the company is looking to diversify its investments between government treasury bills & public equities.

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