SectionEgypt overview
Eastern Company (EAST)
Egypt's dominant cigarette manufacturer, maker of the Cleopatra brand.
TickerEAST
ExchangeEGX
SectorConsumer staples
CurrencyEGP
About Eastern Company
Eastern Company is Egypt's largest tobacco manufacturer and produces the country's best-selling cigarette brand, Cleopatra, along with other local brands. It also manufactures cigarettes for international tobacco companies under licence.
The company has a long history as a state-controlled business and holds a leading share of the Egyptian cigarette market. Excise taxes on tobacco are an important source of government revenue, so pricing and tax decisions are a key driver of its results.
Investors typically look at Eastern Company for its cash generation and dividends, and watch government decisions on cigarette prices and taxes closely.