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· Business (Tobacco)
non-USA, by Country
· Europe
· Eastern Europe
Organizations
· Glh
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Gallaher Says First-Half Profit Gains 17 Percent
Jump to full article: AP, 2006-09-06
Intro: Gallaher Group PLC, Britain's second-largest tobacco company, said first-half profit rose 17 percent as the company benefited from rising sales in eastern Europe.
Net income rose to 185 million pounds (US$351.5 million; euro273.9 million), from 158 million pounds in the same period a year earlier, the company said in a statement. Sales rose 2.1 percent to 4.03 billion pounds (US$7.66 billion; euro5.97 billion).
Gallaher, which makes brands such as Mayfair and Silk Cut in Britain, has been expanding into eastern Europe to maintain sales growth as western European governments increase taxes on cigarettes, impose bans on smoking in bars and restaurants and more people give up the habit.
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