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Jump to full article: CCN Matthews Newswire (ca), 2002-05-23
Author: SOURCE: Rothmans Inc.
Intro: "Rothmans performed extremely well in fiscal 2002, " said John Barnett, President and Chief Executive Officer of Rothmans Inc. "The company continues to provide solid value for shareholders through increased earnings and a high dividend yield."
Fiscal 2002
For the fiscal year ended March 31, 2002, Rothmans increased earnings, excluding a merger break fee, by 14% to $81.2 million or $2.46 per share, compared with $71.5 million or $2.16 per share, for the previous year. A merger termination fee contributed additional earnings of $12.4 million or $0.31 per share.
Sales at 60%-owned Rothmans, Benson & Hedges Inc., net of excise duty and taxes, were $562.5 million, up from $538.2 million in the same period last year. Higher sales revenues reflected the continued impact of prices increases. By year-end, RBH slightly increased its composite market share to 21.6% from 21.3%.
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