Eastern Company targets 9% revenue growth in FY 2021

Alyaa Stohy
1 Min Read

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.

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