Americas News from WN Network
 
Friday, 08 February 2013
News Summary: Philip Morris Int’l 4Q net income up 11 pct on more cigarettes, higher prices
THE RESULTS: Philip Morris International Inc.’s fourth-quarter net income increased 11 percent to $2.1 billion as it sold more cigarettes at higher prices. Excluding excise taxes, revenue increased nearly 3 percent to $7.9 billion. CIGARETTES SOLD: The company, which sells Marlboro and other cigarette brands overseas, said shipments rose nearly 3 percent to 233.1 billion cigarettes as increases...
Full Story: The Washington Post
 


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