Egypt - Eastern Company (EAST) approved the new price list of its main brands, effective as of July 14th, according to the company’s statement to the Egyptian Exchange on July 14th.

The prices of Cleopatra Black Label, Mondial, and Mondial Switch have been raised to EGP 24, EGP 21, and EGP 24, respectively.

The new prices are in accordance with the provisions of the value-added tax (VAT) law and its amendments as well as the universal health insurance law no. 2 of 2018.

Earlier, the company announced that it has sold 67 billion cigarettes by the end of past June recording a 12% year-on-year increase.

The company posted a net profit of EGP 3.889 billion in the first nine months of 2020/2021.

Eastern Company is an Egypt-based company, which is engaged in manufacturing tobacco products. The company’s product portfolio includes cigarettes, cigars, pipe tobacco, and molasses tobacco, as well as other related products such as cigarettes’ filter rods and homogenized tobacco.

 

 

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