Tag Archives: China National Tobacco Corp.

China's Tobacco Monopoly Bigger by Profit Than HSBC

China National Tobacco Corp., the nation’s cigarette monopoly, may be larger by annual profit than HSBC Holdings Plc (HSBA) and Wal-Mart Stores Inc. (WMT), according to a rare release of the company’s financial data. The state-owned tobacco company had net income of 117.7 billion yuan ($18.7 billion) in 2010 on sales of 770.4 billion yuan. Industrial Bank Co. released the … Continue reading Continue reading

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