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Egypt's Eastern Company annual profit falls 26 per cent to $105.9m

Cigarette monopoly posts gains for the full year to the end of June, down from LE850.4 on 2010

Reuters, Thursday 21 Jul 2011
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Egypt's Eastern Company posted a net profit of 631 million Egyptian pounds (US$105.9 million) for the full year to the end of June, down 26 per cent from a year earlier, the stock exchange said.

The cigarette monopoly made net profit of LE850.4 million in the 2009-10 fiscal year, according to a statement sent to the bourse.

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