Earnings Report /
Egypt

Eastern Tobacco: 1QFY21/22 – Outstanding top- and bottom-line expansion driven by high efficiency

  • Exceptional topline growth driven by an increase in local sales volumes

  • Outstanding margins due to sales efficiency and stable raw material costs

  • Positive outlook on volumes and margins alongside expanding in e-cigarettes; Maintain OW

Al Ahly Pharos Securities Brokerage
15 November 2021