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Eastern Co (EML.OQ)

EML.OQ on NASDAQ Stock Exchange Global Market

29.95USD
26 May 2017
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Volume
2,820
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Wed, May 17 2017

BRIEF-Eastern Co updates on cigarettes production deal with Philip Morris

* To produce cigarettes for Philip Morris at $5.8 per 1,000 cigarettes upto less than 15 billion cigarettes

BRIEF-The Eastern Company reports Q1 earnings per share $0.24

* Reports first quarter sales increase of 9% and earnings of $0.24 per share versus $0.10 per share in the first quarter of 2016

BRIEF-Egypt's Eastern Co to launch new cigarette brand

* To launch new cigarette brand 'cleopatra box gold' at a consumer price of EGP 12.75 Source: (http://bit.ly/2oOHsUw) Further company coverage: )

BRIEF-Egypt's Eastern co needs upto $300 mln per annum to buy raw materials and spare parts

* Says needs upto $300 million per annum to buy raw materials and spare parts Source:(http://bit.ly/2oQZng7) Further company coverage:

BRIEF-Eastern to acquire Velvac for $39.5 mln

* Eastern CO - deal for $39.5 million plus future earnout based on growth of velvac's road-iq(tm) business

BRIEF-Egypt's Eastern Co forecasts 2017-18 net profit of EGP 1.40 bln

* Sees 2017-18 net profit after tax EGP 1.40 billion Source: (http://bit.ly/2nFFbuC) Further company coverage: )

Egypt's Eastern Co, Philip Morris reach agreement over arrears

CAIRO Egypt's top cigarette maker Eastern Company said on Thursday it had reached an agreement with its international partner Philip Morris for the tobacco giant to pay back outstanding debt and make future payments in the local currency.

REFILE-Egypt's Eastern Co, Philip Morris reach agreement over arrears

CAIRO, March 1 Egypt's top cigarette maker Eastern Company said on Wednesday it had reached an agreement with its international partner Philip Morris for the tobacco giant to pay back outstanding debt and make future payments in the local currency.

BRIEF-Eastern Co qtrly sales were $34.1 mln

* Eastern Co- sales for quarter were $34.1 million, compared to $34.4 million for same period in 2015

BRIEF-Egypt's Eastern Co H1 profit rises

* H1 net profit EGP 890.4 million versus EGP 809.2 million year ago

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