Egypt's Eastern Company Q1 profit up 66 pct y-o-y

Egypt's cigarette monopoly Eastern Company posted a first quarter net profit of 121 million Egyptian pounds ($20 million), up 66 percent from a year earlier, the stock exchange said on Sunday.

The firm's financial year begins on July 1.

Eastern Company made a net profit of 72.8 million pounds in the same quarter of last year, the bourse said. ($1 = 5.975 Egyptian Pounds).