CAIRO – 15 March 2021: Eastern Company is currently studying smoking alternatives as electronic cigarettes, which studies have shown that there is a good possibility of a demand for it as a less dangerous alternative to traditional cigarettes. The company added, in a statement to the Egyptian Exchange (EGX), that it is studying the production of these alternatives in terms of the ability of their consumers to use them. Earlier in March, Eastern Company announced that it is studying several new investment projects that will enhance its position in the field of smoking and tobacco alternatives. The company said that the revenues amounted to LE 37.7 billion during January-to-July period current fiscal year, compared to LE 33.7 billion in the same period of last fiscal year. Eastern Co. operates within the food, beverage and tobacco sector focusing on tobacco.

Source: Egypt Today March 23, 2021 11:24 UTC