Eastern Co. produces 7B cigarettes in March recording highest amount in history



Sun, 04 Apr 2021 - 03:04 GMT


Sun, 04 Apr 2021 - 03:04 GMT

FILE - Cigarettes

FILE - Cigarettes

CAIRO – 4 April 2021: Eastern Company achieved the highest amount of production in the company's history during March 2021.


The company stated in a statement to the Egyptian Exchange (EGX), that the limit of production of 7 billion local cigarettes in one month had been exceeded by 10 percent than the previous highest production figure.


It pointed out that the production in March 2021 is 45 percent higher than what was produced in the comparative March of last year, and with monthly growth rates since the beginning of the current fiscal year by about 15 percent.


The company noted that the daily production rates have increased dramatically during the past months, by more than 25 percent, as a result of implementing the new production policies and following them up and the keenness of the workers.


It stated that in implementation of the company's management directives that it is necessary to make maximum use of the production capacities available in the factories, the department implemented a number of corrective and operational measures to maximize efficiency and improve the optimal use of machines, which led to achieving that standard production.


According to the statement, the sales of local cigarettes during March achieved the highest selling number in the company's history, with more than 6.1 billion cigarettes, with a growth rate of nearly 20 percent compared to last year for the same month.


The statement indicated that this increase was achieved as a result of implementing the marketing and sales plans for the company's products, following up the markets, discovering growth opportunities and closing the sales gaps.


Previously, the Eastern Company announced an increase in its profits during the first seven months of the fiscal year 2020/2021 by 17 percent, to reach LE 2.95 billion, compared to LE 2.52 billion during fiscal year of 2019/2020.

The company said that the revenues amounted to LE 37.7 billion during January-to-July period current fiscal year, compared to LE 33.7 billion in the same period of last fiscal year.


Eastern Co. operates within the food, beverage and tobacco sector focusing on tobacco. It was established in July 1920.




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