Cairo - Mubasher: The Eastern Company approved the new price list of its main brands, effective as of 14 July. 

The prices of Cleopatra Black Label, Mondial, and Mondial Switch have been raised to EGP 24, EGP 21, and EGP 24, respectively, the tobacco manufacturer said in a bourse disclosure on Wednesday. 

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. 

During the first nine months of FY20/21, the Eastern Company posted net profits of EGP 3.88 billion, up from EGP 3.13 billion in the same period a year earlier.