Eastern Company approves new cigarette prices

ArabFinance: State-owned Eastern Company (EAST) amended the selling prices of its cigarette Mondial, according to the company's statement filed to the Egyptian Exchange.

Mondial (red/blue/silver) will be sold at EGP 20 per pack and EGP 23 per pack for Mondial switch (different flavors).

The board of directors approved on October 20th the new consumer selling price list for Mondial brand starting October 2st.

The company will introduce new product Switch very soon, with two new flavors, mint and raspberry, Managing Director and CEO Hany Aman said.

The company achieved a net profit after tax of EGP 3.794 billion in the fiscal year in (FY) 2019/2020, a 1.63% increase from EGP 3.733 billion achieved in FY 2018/2019.

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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