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• UPDATE 2-Swedish Match posts higher Q2 profit, shares rise  

(Adds CEO, analysts, background)
Jump to full article: Reuters, 2009-07-17
Author: Katarina Gustafsson and Veronica Ek

Intro:

* Pretax profit rose 38 percent to 791 million crowns

* Expects H2 sales, operating profit to beat 2008

* Key snuff margin drops, but cigar margin shines

* CEO says Q2 cigar margin not sustainable

* Shares up 3.0 percent

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