Category: Financial

Tobacco revenue increased

Tobacco revenue increased

| January 22, 2018

Tobacco excise is expected this year to contribute nearly 14 percent more to the Philippines’ government coffers than it did last year.

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Altria to webcast results

Altria to webcast results

| January 19, 2018

The Altria Group’s full-year results, which are due to be issued on February 1, will be the subject of a webcast discussion on the same day.

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Relaxed over tax changes

Relaxed over tax changes

| January 19, 2018

Changes to the US federal corporate tax rate are expected to result in a benefit of less than one percent to Imperial Brands’ adjusted effective tax rate during its current financial year.

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BAT expects tax reduction

BAT expects tax reduction

| January 9, 2018

The US Tax Cuts and Jobs Act is expected to reduce British American Tobacco’s effective tax rate percentage for the year to the end of December 2018.

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SEKAP’s future in question

SEKAP’s future in question

| December 28, 2017

The future of SEKAP, the Xanthi-based tobacco-products company that was established in 1975, is due to be discussed today at an extraordinary board meeting.

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JT’s domestic sales tumble

JT’s domestic sales tumble

| December 15, 2017

Japan Tobacco Inc.’s domestic cigarette sales volume and the value of those sales each fell by about 15 percent during November.

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New CFO for Swedish Match

New CFO for Swedish Match

| December 12, 2017

Swedish Match’s CEO Lars Dahlgren says the company is fortunate to have a strong replacement for its departing CFO.

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Dividends declared

Dividends declared

| December 8, 2017

The boards of directors of Altria and Philip Morris International this week each declared a regular quarterly dividend.

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Export award for BAT Korea

Export award for BAT Korea

| December 7, 2017

The Sacheon plant operated by British American Tobacco Korea has been presented with an award after doubling its exports within a year.

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Cigarette tax rise predicted

Cigarette tax rise predicted

| December 6, 2017

Taxes on both combustible cigarettes and heat-not-burn products are expected to be increased in Japan as part of the government’s fiscal 2018 ‘tax-reform’ package.

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Double or quit

Double or quit

| December 1, 2017

If you ask a sample of a population where smokers are in a minority whether smokers should pay more tax the answer is going to be yes because the non-smokers like being subsidized.

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Russia goes for DIY tobacco

Russia goes for DIY tobacco

| November 29, 2017

Some people in Russia are said to be smoking tobacco grown in their own gardens. Growing tobacco is relatively easy, but growing tobacco and processing it into a smokable product is more difficult.

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UK wholesaler goes under

UK wholesaler goes under

| November 29, 2017

There will be logistical and financial consequences following the decision by Palmer & Harvey, the UK’s biggest tobacco wholesaler, to call in the administrators.

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Tobacco shown the door

Tobacco shown the door

| November 28, 2017

The tobacco sector has joined a list of industries considered by BNP Paribas to be ‘sensitive’; a list that includes defense, nuclear energy and palm oil.

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Minimum pricing mooted

Minimum pricing mooted

| November 24, 2017

After a long battle with the drinks industry, the way has been cleared for the Scottish government to introduce minimum alcohol prices. Is it now the turn of the tobacco industry?

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Local studies needed

Local studies needed

| November 24, 2017

Indonesia’s Health Minister has said that the country needs to conduct its own studies into the impact of tobacco rather than cut-and-paste the figures obtained from overseas studies.

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JT’s domestic sales down

JT’s domestic sales down

| November 17, 2017

Japan Tobacco Inc.’s domestic cigarette sales volume and the value of those sales each fell by more than 12 percent during October.

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Universal’s volume sales up

Universal’s volume sales up

| November 8, 2017

Burley production was down in Africa partly due to the ‘low grower prices’ paid during the previous season when there was ‘excess production’.

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Volumes down at Imperial

Volumes down at Imperial

| November 7, 2017

Although its tobacco-product volumes were down by 4.1 percent during its full-year to the end of September, Imperial can take heart from the fact that industry volumes were down by 4.4 percent.

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AOI sales increased

AOI sales increased

| November 2, 2017

Alliance One International’s volume sales of leaf tobacco increased by 2.1 percent during the six months to the end of September, while the value of those sales was up by 11.3 percent.

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