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Jump to full article: Reuters, 2002-02-22
Intro: TORONTO, Feb 22 (Reuters) - Canadian cigarette maker Rothmans Inc. said on Friday its third-quarter profits rose sharply because of cost reductions and higher cigarette prices despite declining volumes.
Rothmans, whose subsidiary Rothmans Benson & Hedges is Canada's No. 2 cigarette maker, said it earned C$24.6 million, or 74 Canadian cents a share, in the quarter ended Dec. 31. That was better than a profit of C$18.9 million, or 57 Canadian cents a share, in the year-ago quarter.
Sales were C$150.7 million, up from C$135.5 million during the third quarter of the previous fiscal year.
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