The Eastern Company is expecting a sturdy performance for the next fiscal year. The company’s projected performance was outlined in a statement released on Wednesday regarding its budget for fiscal year (FY) 2020/21,
The new budget targets a top-line of EGP 15.9bn, a growth of 8.6% compared to FY 2020.
The 2021 budget also targets a bottom-line of EGP 4.3bn, about 13.2% higher than the targeted profit for FY 2020.
The cigarette and tobacco company is considered the state’s second largest supplier to the state treasury after the Suez Canal.
