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BRIEF-Eastern Co restates FY profit on reversal of EGP 1.55 bln provision
October 2, 2017 / 10:46 AM / 2 months ago

BRIEF-Eastern Co restates FY profit on reversal of EGP 1.55 bln provision

Oct 2 (Reuters) - EASTERN CO:

* SHAREHOLDERS APPROVE REVERSAL OF 2016-2017 PROVISION FOR PRODUCTION CAPACITY RESTRUCTURE WORTH EGP 1.55 BILLION

* REVERSAL OF EGP 1.55 BILLION PROVISION AMOUNT INCREASES 2016-2017 PROFIT AFTER TAX TO EGP 2.98 BLN FROM EGP 1.78 BLN REPORTED EARLIER Source: (bit.ly/2x9r44r) Further company coverage:

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