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Cigarette maker Rothmans profit rises in first quarter
TORONTO - Rothmans Inc., Canada's second-biggest cigarette maker, reported a higher first-quarter profit on Tuesday, thanks to price increases across all ...
TORONTO - Rothmans Inc., Canada's second-biggest cigarette maker, reported a higher first-quarter profit on Tuesday, thanks to price increases across all its products.
Rothmans, which makes Craven A and Benson & Hedges brand cigarettes, earned $33.8-million (US$32.34-million), or 50 cents a share, in the period ended June 30, up from a profit of $29.3-million, or 43 cents a share, in the same period last year.
Rothmans will pay a dividend of 30 cents per share September 17.
Sales at Rothmans Benson & Hedges Inc., which is a 60% owned unit, net of excise duty and taxes, rose to $177.4-million from $162.9-million a year earlier.
Rothmans Benson and Hedges shipped 2.8 billion cigarettes into the domestic market in the quarter, a 1.2% rise from a year earlier.
The increase was driven by higher price category cigarette volumes offsetting declines in premium cigarette and fine cut volumes.
"Rothmans shareholders benefited from the improvement in all significant measures of financial performance at RBH including sales, earnings and cash flow" said John Barnett, president of Rothmans Inc.
However, the company remained "highly concerned" about the impact of contraband cigarettes.
Top 10 online cigarettes news on Wednesday, February 8, 2012 21:32:58
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- In Gaza, as in much of the rest of the Palestinian territories, smokers prefer American cigarettes, but many now can no longer afford them.
- The makers of Camel and Marlboro cigarettes contributed USD11.8 million to two committees fighting the tobacco tax proposal, which called for using the 85 cents a pack to pay for children-s health insurance and other health programs.
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- would be strengthen by the contribution of information from the customs, regarding the quantity of liquors and cigarettes entering the country and the importer companies which trade with it.
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- subsidiary Sampoerna recently introduced a new clove-blended cigarette brand, Marlboro Mix 9.
!!! Annonce !!! Forum Marlboro.