Where there’s smoke, there’s still profit
When the three major U.S. tobacco companies report their first-quarter results this week, investors can find comfort in two themes that have remained consistent for years: Cigarette volumes will fall,...
View ArticleLorillard’s 1Q profit up 47 pct on higher pricing, e-cig sales, lower costs
Lorillard’s first-quarter profit jumped 47 percent as higher prices, e-cigarette sales and lower legal expenses from a longstanding legal settlement offset a decline in traditional cigarette sales. The...
View ArticleIndonesia: Cigarette makers blame costs for lower profits
Cigarette manufacturers in Indonesia blamed higher production costs and currency fluctuations for the slow-down in their business throughout 2012. Revenues at PT Gudang Garam increased by 17.1 percent...
View ArticleBAT sales up 5 pct, driven by global brands
British American Tobacco reported revenue growth of 5 percent at constant rates of exchange in the first quarter ended March 31, adding that global drive brand cigarette volumes grew by 1 percent. The...
View ArticleJapan Tobacco tops competition, forecast beats estimates
Japan Tobacco, the world’s best-performing cigarette maker this year, forecast a record profit that beat analyst estimates and raised its projected annual dividend by 35 percent on rising overseas...
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