Jump to full article: Agence France Presse (AFP) (fr), 2008-05-01
Author: contrast, its international tobacco sales soared 164.1
Intro: Japan Tobacco Inc. said Thursday its annual net profits rose 13.3 percent as brisk cigarette sales overseas following the takeover of British rival Gallaher made up for a drop in domestic demand.
But Japan Tobacco (JT) forecast a steep drop in profit in the current fiscal year because of acquisition-related costs, higher raw material prices and the impact of a health scare over dumplings the company imported from China.
For the past year to March, JT posted a net profit of 238.7 billion yen (2.3 billion dollars), a record high.
"The decline in domestic sales was more then offset by brisk sales in overseas tobacco markets," said JT president Hiroshi Kimura.
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