Category: Financial

Sales picking up

Sales picking up

| April 27, 2018

The average price paid to Zimbabwe’s growers for flue-cured tobacco seems to be hovering around where it was at about the same stage of the previous two seasons.

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PMI’s volumes falter

PMI’s volumes falter

| April 20, 2018

It was clearly not possible for Philip Morris International to maintain forever the huge growth rate of heated-tobacco-product sales that it had enjoyed in Japan; but there is a world beyond Japan.

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PMI to webcast results

PMI to webcast results

| April 16, 2018

The CFO of Philip Morris International will discuss the company’s first-quarter results as part of a webcast scheduled for later this month.

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Cigarette sales fall

Cigarette sales fall

| April 13, 2018

Japan Tobacco Inc’s domestic cigarette volume and domestic cigarette revenue during March were each down by about 14 percent on those of March 2017.

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Altria to webcast results

Altria to webcast results

| April 13, 2018

Altria’s chairman, CEO and president Marty Barrington and CFO Billy Gifford will discuss the company’s first-quarter results during a webcast later this month.

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Anti-tobacco groups closing

Anti-tobacco groups closing

| April 11, 2018

It seems inevitable that there will be a consolidation among tobacco-control organizations in countries where tobacco-consumption rates are falling.

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India invests in a meeting

India invests in a meeting

| April 9, 2018

The Indian government is calling a meeting to help it resolve a long-running dispute about what to do in respect of foreign direct investment in India’s tobacco sector.

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JT’s domestic volume down

JT’s domestic volume down

| March 16, 2018

Japan Tobacco Inc’s domestic cigarette volume continued to fall in February as Japan’s smokers continued to embrace heated-tobacco products.

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SEKAP fine suspended

SEKAP fine suspended

| March 7, 2018

A court in Greece has suspended a huge fine imposed on SEKAP that, it is said, would otherwise have condemned the tobacco company to bankruptcy.

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Tax structure hits TTM

Tax structure hits TTM

| March 5, 2018

There are some good arguments for operating a tobacco monopoly, but there can be no good argument for undermining such a monopoly with a badly-thought-out tax structure.

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BAT volumes increased

BAT volumes increased

| February 22, 2018

Its acquisition of Reynolds American in 2017 meant that British American Tobacco reported volume growth for the year. But it enjoyed too ‘excellent progress in its next-generation-product business.

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Zimbabwe moving on

Zimbabwe moving on

| February 20, 2018

Boosting the tobacco sector is one of the goals of new and proposed policies aimed at attracting business and investment to Zimbabwe, while encouraging exports.

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Taxing problems in Kenya

Taxing problems in Kenya

| February 19, 2018

What should a government – any government – do if its stated aim of using taxation to force smokers to quit comes into conflict with its less-well-advertised aim of increasing revenues?

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SM snus volumes up

SM snus volumes up

| February 15, 2018

In announcing Swedish Match’s results for 2017, CEO Lars Dahlgren took the opportunity to mention that his company had pioneered the vision of a world without cigarettes.

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Seeking new alliances

Seeking new alliances

| February 9, 2018

Alliance One International, which yesterday announced a rise in volume sales, is seeking to expand into new, added-value business lines that offer improved margins and good growth potential.

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Presentation to be webcast

Presentation to be webcast

| February 8, 2018

Altria’s CEO Marty Barrington is due to make a presentation at the Consumer Analyst Group of New York conference later this month.

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Universal looking forward

Universal looking forward

| February 7, 2018

Green-leaf purchases have begun in Brazil, and Universal Corporation believes already that its fiscal year 2019 volumes will rise, given a recovery in African volumes and overall market stability.

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JTI volumes down in 2017

JTI volumes down in 2017

| February 6, 2018

Japan Tobacco’s combustible-cigarette volume fell by 12.5 percent between 2016 and 2017, but the company outperformed the market so its share rose marginally.

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PMI to webcast results

PMI to webcast results

| February 5, 2018

Philip Morris International’s CEO André Calantzopoulos will discuss the company’s outlook for 2018 during a results webcast on February 8.

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Universal to webcast results

Universal to webcast results

| January 24, 2018

Candace C. Formacek, Universal Corporation’s vice president and treasurer, will host a third-quarter-results conference- call on February 6.

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