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Thread: Marlboro maker Altria 4Q profit falls

  1. #1
    Senior Member
    Join Date
    Feb 2012
    Location
    Melbourne's leafy outer East
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    3,656

    Marlboro maker Altria 4Q profit falls

    It's starting to bite ......

    RICHMOND, Va. (AP) Altria Group Inc.'s fourth-quarter profit dropped 56 percent as the Marlboro maker sold fewer cigarettes and recorded charges related to paying off debt early.

    Cigarette volumes for the owner of the nation's biggest cigarette maker, Philip Morris USA, fell about 6 percent during the quarter to 31.8 billion cigarettes.

    Altria and others are focusing on cigarette alternatives such as electronic cigarettes, cigars, snuff and chewing tobacco for future sales growth because the decline in cigarette smoking is expected to continue.
    Yahoo!
    margyb likes this.

  2. #2
    AVF Regular
    Join Date
    Mar 2013
    Location
    Bunbury, WA
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    5,951
    the proof is in the pudding, so to speak. ecigs must be working, if bt is suffering that much the naysayers can jut go jump!
    margyb likes this.

 

 

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