Posts tagged: profit

Altria Reports In Line

Tweet Altria Group Inc. (MO – Analyst Report), the manufacturer and seller of cigarettes, wine and other tobacco products, reported results for the first quarter of fiscal 2011. Virginia-based Altria posted adjusted earnings of 44 cents a share in the quarter, which was up 4.8% compared with the prior-year quarter and was in line with the Zacks Consensus Estimate. The quarter benefited from strong income across its tobacco businesses, lowe ... Jump to full article >>

Altria’s Profit Rises on Marlboro Prices, Snuff Demand

Tweet Altria Group Inc., the largest U.S. tobacco company, reported third-quarter profit that beat analysts’ estimates, helped by higher prices for Marlboro cigarettes and snuff sales. Net income rose 28 percent to $1.13 billion, or 54 cents a share, from $882 million, or 42 cents, a year earlier, the Richmond, Virginia-based maker of Copenhagen snuff said today in a statement. Analysts surveyed by Bloomberg had projected 52 cents, the average ... Jump to full article >>

Illegal Cigarette Smuggling Ring Gets Extinguished In Wales Tobacco Crack Down

Tweet More than 60,000 illicit cigarettes and almost 160 kilos of tobacco, including a haul concealed in boxing punch bags – have been seized in south Wales. This week as HM Revenue & Customs (HMRC) continues its crack down on those who smuggle and sell non duty paid tobacco products. The punch bags, containing 53 kilos of loose tobacco, were seized at a Newport distribution centre before they could be delivered to a house in Cardiff. Offic ... Jump to full article >>