Tobacco News and Information.
Categories:
· Business
International:
· Europe
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Imperial Tobacco swings to first-half profit |
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Source:http://www.marketwatch.com/,2010-04-26
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Imperial Tobacco swung to a profit of 974 million pounds ($1.5 billion) in six months ended March 31, against a loss of 184 million pounds, the company reported Tuesday. The company earned 68 pence a share and 67.8 pence on a diluted basis, against 14.7 pence. Revenue rose 8% to 13.37 billion pounds, against 12.42 billion pounds in the year-ago period. Cigarette volumes fell 3.7%, hit by weakness in the U.S., Spain and Russia, but the group noted improvement in the second quarter. The company noted strong sales of global cigarette brands -- Davidoff, Gauloises Blondes and West -- with particularly good results in Africa, the Middle East and Central Europe. The group expects cigarette volumes to be stable against the second half of 2009, with a slight fall overall for the current financial year. The group declared an interim dividend of 24.3 pence per share, against 21 pence in 2009.
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Categories:
· Business
International:
· USA
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R.J. Reynolds pays Canada $325 mln settlement |
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Source:http://www.marketwatch.com/,2010-04-14
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R.J. Reynolds Tobacco Co., a unit of Reynolds American Inc., said Tuesday it will pay the Canadian government $325 million as part of a civil settlement concerning cigarette smuggling. R.J. Reynolds, which makes Camel brand cigarettes, does not sell cigarettes in Canada. Should the company decide to sell cigarettes in Canada, it agreed that it will adopt packaging to help officials fight cigarette smuggling.
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Categories:
· Business
International:
· U.K.
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Imperial Tobacco sees cigarette volumes down 4% |
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Source:http://www.marketwatch.com/,2010-04-05
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Imperial Tobacco Group said Tuesday that it expects its first-half cigarette volumes to be down around 4% due to supply chain disruption in the Middle East as well as continued market weakness in some Eastern European countries, the U.S. and Spain. The company said it expects cigarette volumes to stabilize in the second half of the year. Volumes of fine cut tobacco are expected to rise around 10% and the group said price increases across its portfolio in a number of markets since the start of the financial year have offset the impact of increasing leaf costs.
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Categories:
· Business
International:
· Worldwide
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BAT boosts profits despite recession |
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Source:http://www.guardian.co.uk/,2010-03-18
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British American Tobacco boosted profits last year despite cigarette smoking declining and the recession forcing people to trade down to cheaper brands or rely on smuggled or counterfeit products.
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Categories:
· Business
International:
· USA
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Philip Morris posts profit gain; announces buyback |
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Source:http://www.marketwatch.com/,2010-02-15
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Philip Morris International on Thursday reported a fourth-quarter profit of $1.52 billion, or 80 cents a share, up from $1.45 billion, or 71 cents a share, in the same quarter of 2008. The company would have earned 81 cents a share on an adjusted basis. Revenue rose to $6.72 billion from $6.12 billion a year earlier. The average estimate of analysts polled by FactSet Research had been for the company to earn 79 cents a share on revenue of $6.54 billion. The tobacco giant also forecast 2010 earnings per share to be in a range of $3.75 to $3.85, up from $3.24 a share in 2009. In addition, Philip Morris announced a $12 billion share repurchase program.
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