Tag: profits

Indonesia: Cigarette makers blame costs for lower profits

Indonesia: Cigarette makers blame costs for lower profits

| April 25, 2013

Cigarette manufacturers in Indonesia blamed higher production costs and currency fluctuations for the slow-down in their business throughout 2012. Revenues at PT Gudang Garam increased by 17.1 percent to reach IDR49.03 trillion ($5 billion). However, their spending also increased, jumping 25.6 percent to IDR39.84 trillion. The higher spending and losses from currency fluctuations ultimately saw […]

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Reynolds American profits jump 88 pct in Q1, volume down

Reynolds American profits jump 88 pct in Q1, volume down

| April 24, 2013

Consumers squeezed by higher gas prices and an increase to the payroll tax led Reynolds American Inc. to report a sharp drop in cigarette volumes in the first quarter. “Overall, the external environment remained challenging,” President and CEO Daniel Delen said. “Industry cigarette volumes were negatively impacted by higher energy prices, the expiration of the payroll-tax […]

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Higher 1Q profit, revenue expected from PMI

Higher 1Q profit, revenue expected from PMI

| April 17, 2013

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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From the leaf lands

Lebanon suffers leaf losses

Lebanon suffers leaf losses

A survey is to be carried out to determine the extent of losses incurred by tobacco growers in southern Lebanon, where viruses are said to have caused extensive damage.

| May 24, 2018
Universal presents results

Universal presents results

Universal Corporation expects to make higher volume sales from the next tobacco-crop cycle, given that the global market remains stable.

| May 24, 2018
Contracting Burley

Contracting Burley

Tennessee’s Burley crop is expected to fall by 20 percent or more following Alliance One International’s decision not to buy US Burley.

| May 22, 2018
Leaf prices increased

Leaf prices increased

Flue-cured tobacco growers in Zimbabwe will be hoping that the “encouraging” prices being paid for their leaf will stand up for the rest of the season.

| May 22, 2018
Growers up in arms

Growers up in arms

Some tobacco growers in Pakistan are claiming that tobacco manufacturers are exploiting them, and they have vowed to fight back.

| May 22, 2018
Universal results webcast

Universal results webcast

Candace C. Formacek, vice president and treasurer at Universal Corporation, will host a results webcast on May 23.

| May 21, 2018

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Web exclusives

Discussing challenges

Discussing challenges

Tobacco growers convene in Indonesia.

| April 2, 2018
The promise of heated tobacco

The promise of heated tobacco

Peter Nixon, PMI’s U.K. and Ireland MD, praises England’s progressive approach to new technologies.

| February 28, 2018
Celebrating cigars at Puro Sabor

Celebrating cigars at Puro Sabor

Five days of factory tours, farm visits, recreational activities and many, many cigars.

| February 5, 2018
Farmers concerned

Farmers concerned

The ITGA worries about slumping demand for leaf tobacco and a lack of alternative crops

| November 2, 2017
Their fair share

Their fair share

Tobacco growers deserve better

| November 1, 2017
Lease on life

Lease on life

Industry leaders respond to the FDA’s new attitude toward vapor products.

| October 1, 2017
The Vype Dossier

The Vype Dossier

Proving the reduced-risk potential of an e-cigarette

| October 1, 2017

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