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Philip Morris International (PM) 

Philip Morris International (PM) is an independently owned and operated tobacco company that spun off from its former parent company the Altria Group (MO) on March 28th, 2008. Philip Morris is the world’s largest producer of tobacco products, holding 15.7% of the global market excluding the United States. In its first quarter of operations as a separately owned and traded entity from Altria, PMI had sales revenue of $15.6 billion and net earnings of $1.86 billion as compared with $13.2 and $1.45 billion respectively for the first quarter in 2007.[1]

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