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Tag: "cigarettes"

Lorillard's 1Q profit up 47 pct on higher pricing, e-cig sales, lower costs

Lorillard’s 1Q profit up 47 pct on higher pricing, e-cig sales, lower costs

April 25, 2013 | Comments (0)

Lorillard’s first-quarter profit jumped 47 percent as higher prices, e-cigarette sales and lower legal expenses from a longstanding legal settlement offset a decline in traditional cigarette sales. The nation’s third-biggest tobacco company on Wednesday reported earnings of $328 million, or 86 cents per share, for the period ended March 31, up from $223 million, or […]

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Where there's smoke, there's still profit

Where there’s smoke, there’s still profit

April 22, 2013 | Comments (0)

When the three major U.S. tobacco companies report their first-quarter results this week, investors can find comfort in two themes that have remained consistent for years: Cigarette volumes will fall, but profits will rise, according to a story in The Wall Street Journal. For the past three years, cigarette volumes have dropped around 3 percent to […]

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Cigarette addiction saves lives

Cigarette addiction saves lives

April 22, 2013 | Comments (0)

David Henneberry, an avid boater and member of the Watertown Yacht Club, walked outside to smoke a cigarette just after Massachusetts Gov. Deval Patrick  lifted the curfew on Boston, MA, USA, residents at 6 p.m. Friday, April, 18. Puffing away, Henneberry noticed the tarp that covered his rare, 22-foot  pleasure cruiser—a white Seahawk with blue trim and […]

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Boston's JFK library fire caused by careless smoker, not terrorists

Boston’s JFK library fire caused by careless smoker, not terrorists

April 19, 2013 | Comments (0)

The fire at the JFK Presidential Library and Museum in Boston Monday was caused by the careless disposal of smoking materials, city fire officials said. Boston officials had initially feared that the fire at the library might have been connected to the bombings at the Boston Marathon, because it was ­reported just six minutes after the […]

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Easy street: smoke smugglers net nearly $2 million a truckload

Easy street: smoke smugglers net nearly $2 million a truckload

April 19, 2013 | Comments (0)

Wanna make a quick $1,944,000? Buy a truckload of cigarettes in Virginia and sell them in New York. Yeah, it’s illegal. But that’s how much can be made from selling a tractor trailer’s worth (that’s 800 cases, each holding 600 packs of cigarettes) of low-tax Virginia cigarettes in high-tax New York, based on estimates from […]

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Philip Morris Q1 profit declines on costs, cuts full-year EPS view

Philip Morris Q1 profit declines on costs, cuts full-year EPS view

April 18, 2013 | Comments (0)

Tobacco giant Philip Morris International Inc. Thursday reported a decline in first-quarter profit, reflecting higher costs. Meanwhile, earnings per share improved from last year. The company also lowered its full-year 2013 earnings outlook for prevailing exchange rates only, according to a story on RTTNews.com. However, the firm reiterated its annual constant-currency adjusted diluted earnings per […]

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Higher 1Q profit, revenue expected from PMI

Higher 1Q profit, revenue expected from PMI

April 17, 2013 | Comments (0)

Philip Morris International Inc., which sells Marlboro and other brands abroad, is expected to report higher profit and revenue when it releases its first-quarter results before the market opens on Thursday. Whether cutting costs and raising prices continued to help PMI compensate for consumers buying fewer, or cheaper, cigarettes has investors anticipating the announcement. Cigarette […]

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Pakistan has $175.8 million reasons to tackle tobacco smuggling

Pakistan has $175.8 million reasons to tackle tobacco smuggling

April 17, 2013 | Comments (0)

Pakistan is losing 17 billion Pakistani rupees ($175.8 million) per annum due to the illicit cigarette trade, which represents about 26.7 percent of total cigarettes consumed in terms of volume. According to a research paper compiled by the Euromonitor International, and cited in a story published by the Asia News Network, Pakistan ranked third-highest in […]

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Careless smokers playing with fire

Careless smokers playing with fire

April 17, 2013 | Comments (0)

It could be hard to believe but careless smokers ended up causing more than 2,410 fire accidents and several crores-worth of property loss in the last seven years in the Hyderabad, Andhra Pradesh. A study by A.P. Fire Services Department revealed careless smoking as one of the main causes for the increasing incidence of fire […]

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Malaysia to stamp out smuggled-cigarette smokers

Malaysia to stamp out smuggled-cigarette smokers

April 16, 2013 | Comments (0)

The city hall in the Malaysian city of Kota Kinabalu, proposed that buyers of  contraband cigarettes be penalized along with the sellers of the smuggled smokes, according to a story in the the Borneo Post. Mayor Datuk Abidin Madingkir, who made the proposal in his speech during the  launch of Ops Pacak 2013, said buyers […]

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