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Rothmans Inc says 2nd-quarter earnings fall 

Jump to full article: Reuters, 2002-10-29

Intro:

Rothmans Inc. said on Tuesday its earnings fell in the second quarter principally due to changes in the sales mix between higher margin cigarettes and lower margin fine cut products.

Rothmans, whose subsidiary Rothmans Benson and Hedges is Canada's No. 2 cigarette maker, said earnings for the period ended Sept. 30 were C$23.3 million ($14.9 million), or 70 Canadian cents a share, down from C$24.1 million, or 73 Canadian cents, for the same period a year ago.

Analysts polled by the First Call research firm expected an average profit of 65 Canadian cents per share.

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