The Eastern Company has reported robust financial performance in the second quarter (Q2) of the fiscal year (FY) 2023/24, revealing a remarkable 54% quarter-on-quarter surge in revenues, amounting to EGP 4.8 billion. These figures were disclosed in the unaudited financial statements approved by the Eastern Company’s Board of Directors for the period ending on December 31, 2023.
The total profit reached EGP 1.8 billion, marking an 83% growth compared to EGP 975 million. The net profit after tax also demonstrated significant growth, reaching EGP 1.8 billion, compared to EGP 1.1 billion, with a growth rate of 58% during the corresponding period.
