Papular Content
PCB prepares two security plans to salvage its 2011 World Cup hosting rights
Islamabad, June 15 : The Pakistan Cricket Board (PCB) is readying two different security plans to table before the In...
Junior World Squash Championships underway in Chennai
Chennai, July 31 : The 16th World Junior Men Squash Championship and 13th World Junior Women Squash Championship with...Merkel's party maintains lead ahead of elections
Berlin - Chances of a centre-right coalition taking power in Germany after elections in September have improved, acc...Fourteen Vonnegut stories to be published posthumously
New York - Kurt Vonnegut, the author who died in 2007, will continue to surprise from the grave with the release of 1...Space shuttle Endeavour returns to Earth after 17-day mission
Washington - The space shuttle Endeavour landed at the Kennedy Space Centre in Florida on Friday carrying a seven-mem...
Home 
United States United States Marlboro's PMI, Reynolds, ride better than expected on smoke
United States United States Marlboro's PMI, Reynolds, ride better than expected on smoke
| Marlboro's PMI, Reynolds, ride better than expected on smoke |
 |
 |
 |
| Written by Samrat Khanna |
| Thursday, 23 July 2009 18:29 |
 Washington - Philip Morris International Inc (PMI), the worlds largest publicly traded tobacco company, and Reynolds American Inc, the second-largest US cigarette maker, Thursday reported second-quarter profits that topped expectations.Phillip Morris, maker of Marlboro, said higher prices in Argentina, Germany, Russia and other markets helped prevent greater losses, as did the falling value of the dollar. PMI reported earnings of 83 cents a share excluding some items, beating the average analyst estimate of 77 cents. Reynolds profit of 1.29 collars a share topped analysts expectations by 13 cents. PMI's net income fell 8.6 per cent compared to the same period last year, to 1.55 billion dollars. Revenues were down 8.9 per cent to 15.2 billion dollars.(dpa) |