Egypt’s cigarette producer Eastern Co. (Eastern Tobacco) said it has finished upgrading the central labs at its industrial complex in Six of October City.

The cost of the upgrade process reached nearly EGP 31 million, Eastern Tobacco said in a bourse statement.

The company reported net profits of EGP 842 million for the first nine months of fiscal year 2014/15, compared with EGP 705 million for the same period of the previous year.

Eastern Tobacco is capitalised at EGP 750 million, distributed across 50 million shares at EGP 15 par value each.