Tag Archives: tobacco profit

Profits Climb at Altria, Philip Morris, Reynolds Even as U.S. Volumes Drop

U.S. tobacco companies’ first quarter earnings are getting a boost from recent price increases but the year’s outlook remains mixed as domestic sales volumes shrink due to state laws banning indoor smoking and the graying of core customers.

Tax Increase Hits Japan Tobacco Profit

TOKYO—Japan Tobacco Inc. said Monday its net profit in the October to December period slipped 8.3% from a year earlier, as Japan Tobaccodomestic cigarette sales fell sharply after a last-minute rush to buy tobacco ahead of an Oct. 1 price increase, while the yen’s strength also hurt its overseas business.

European Stocks Gain; Imperial Tobacco Rises

LONDON -Imperial Tobacco Group PLC (IMT.LN), maker of Davidoff, Lambert & Butler and JPS cigarettes, Wednesday said it’s on track to meet full-year expectations as it posted a rise in first-quarter sales and volumes boosted by its emerging market operations.

Government revenues and industry profits from youth smoking

The data were taken from the Public Use Microdata of the 2008‐2009 Youth Smoking Survey, which is administered by the Propel Centre for Population Health Impact.

Seneca Nation to Withhold NYS Casino Payments

BUFFALO, NY - The Seneca Nation of Indians will withhold future revenue-sharing payments to New York State from its three Western New York casinos, Tribal Council members voted on Monday.

Altria Group 1st-quarter profit rises

RICHMOND, Va. — Cigarette maker Altria Group Inc. said Wednesday its first-quarter profit rose 38 percent as Marlboro took an even more commanding share of the market and Altria USACopenhagen smokeless tobacco also made gains.

Tobacco Profits Threatened As Plain Packaging Resurfaces

LONDON -The possibility of cigarettes being sold in plain packaging-threatening the profitability of the world’s tobacco companies-resurfaced Monday, as the U.K. government pledged to halve the number of smokers in the country over the next 10 years.

How Much Do Life Insurers Profit from Tobacco?

In an era of corporate wellness programs and socially screened investment funds, some of the world’s largest life-insurance companies still own billions of dollars in tobacco-industry stocks, Harvard physicians assert in a new report.