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Eastern Co (EML.OQ)

EML.OQ on NASDAQ Stock Exchange Global Market

26.95USD
14 Dec 2017
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$-0.90 (-3.23%)
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Thu, Nov 23 2017

BRIEF-Eastern Co price hike of cigarettes will increase VAT and revenue

* DECISION TO RAISE PRICE OF CIGARETTE BRANDS WILL RESULT IN INCREASE IN VAT BY EGP 500 MILLION MONTHLY

BRIEF-EASTERN CO Q3 2017 ADJUSTED EARNINGS PER SHARE $0.36‍​

* EASTERN CO SAYS ‍SALES FOR Q3 2017 WERE $56.0 MILLION, COMPARED TO $33.5 MILLION FOR SAME PERIOD IN 2016​ - SEC FILING

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

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

BRIEF-Eastern Co reports Q2 earnings per share of $0.23

* Q2 adjusted earnings per share $0.48 Source text for Eikon: Further company coverage:

Egypt's Eastern Co raises cigarette prices on higher import costs

CAIRO, July 12 Egypt's top cigarette maker Eastern Co raised the prices of some of its popular cheap cigarettes on Wednesday because of increasing production costs, Chairman Mohammed Othman Haroun told Reuters.

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