Eastern Company S.A.E reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was EGP 4,822.55 million compared to EGP 5,273.91 million a year ago. Net income was EGP 1,772.64 million compared to EGP 2,084.57 million a year ago. Basic earnings per share from continuing operations was EGP 0.5129 compared to EGP 0.6616 a year ago.
For the six months, sales was EGP 7,921.02 million compared to EGP 9,862.97 million a year ago. Net income was EGP 2,896.29 million compared to EGP 3,489.2 million a year ago. Basic earnings per share from continuing operations was EGP 0.8028 compared to EGP 1.0927 a year ago.