Category Archives: Cigarette Manufacturers

Lorillard Reported Cigarette Volumes Drop

On July 30 Lorillard presented report on its second-quarter 2014 results, which reflects earnings increase by 3.7% from the prior-year quarter and sales increase. Reduction of outstanding share count resulted in earnings growth. Due to low e-cigarettes sales, in the report there was no Zacks Consensus Estimate of 88 cents by 4.5%. The report showed a reduction by 0.3% in … Continue reading Continue reading

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Latest Data on Philip Morris Earnings

Philip Morris International investors recently faced particular difficulties due to difficult situation on global tobacco industry. Entering the recent quarter, investors got anxious when Philip Morris reduced its profit forecast for the full year. Company told that the major causes for it are currency upswings and cigarette volumes drop which resulted in factory closures. In July the company’s report helped … Continue reading

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Reynolds American Celebrates 10th Anniversary

Last Friday, on August 2, tobacco company Reynolds American Inc. celebrated its 10th anniversary of company’s creation. Reynolds American finished its $4.4 billion purchase of Brown & Williamson Tobacco Corp. on July 30, 2004. This has arised discussions about the benefits of this purchase for the future of company. In order to finish the deal successfully, the directors of Reynolds … Continue reading

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BAT NZ Reported High Profits

British American Tobacco in New Zealand (BAT NZ) is the largest tobacco company, which produces Dunhill cigarettes. Recently it reported its biggest annual profit since 1999, after revenues increased by 15% as it cut costs while increased excise tax hiked prices. According to the report, the tobacco company boosted profit to $132 million in 2013 from $115 million in 2012. … Continue reading

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British American Tobacco Looks At Possible Deals With Lorillard

At the beginning of the week it was reported that British American Tobacco, Britain’s largest tobacco maker of Lucky Strike cigarettes, asked Deutsche Bank to collaborate with UBS on possible financial deals in the USA. British American Tobacco engaged the banker to advise the company on possible purchases and deals. They are interested in Reynolds  and Lorillard. Experts say that … Continue reading

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Lorillard Increased Prices on its Top Brands

Lorillard Inc. has increased by 6 cent per pack prices on some of its top selling cigarette brands. The company representatives say that this measure is need to be done in order to keep pace with its major rival on the cigarettes market Altria Group Inc. The Greensboro, tobacco manufacturer of Newport and a number of other cigarette brands, is … Continue reading

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Altria Sells Cigarette Plant for $68.5 Million

Philip Morris USA sold last week its cigarette plant in Concord, N.C. for a price of $68.5 million to Victory Industrial Park.  The plant was inactive for five years and it  includes 3.5 million square feet of buildings. Altria Group Inc., the Philip Morris parent company, in 2009 closed the plant in the city of Concord and Cabarrus County north … Continue reading

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Philip Morris to Move its Australia Production to Korea

Tobacco giant Philip Morris, the maker of Marlboro cigarettes, last week told that by the end of current year it stops manufacturing cigarettes in Australia and moves production to Korea. Philip Morris company has been making cigarettes at its Melbourne, Moorabbin plant for around 60 years. Almost 180 factory workers are going to lose their jobs. However, representatives of Philip … Continue reading

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Altria: High Prices Compensate Volume Declines

The consumption of cigarettes lowered by 4% in the USA because of numerous smoking bans, increase of legal smoking age, quit smoking programs and high prices on cigarettes. People today are aware enough about the effects of smoking on their body and more and more of them do refuse from smoking. Food and Drug Administration is main regulator of tobacco … Continue reading

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Reynolds American Profit More Than Doubled in 4Q

In fourth-quarter Reynolds American Inc reported two times higher profits in comparison with last year due to establishment of lower legal expenses and higher prices on cigarettes. Reynolds American Inc is second large tobacco company in the USA. The manufacturer of Pall Mall and Camel cigarettes told that during the quarter the number of cigarettes sold by its R.J. Reynolds … Continue reading

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