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· Business (Tobacco)
· Rothmans
non-USA, by Country
· Canada
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· Rothmans B&H
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(Adds stock price, details on earnings)
Jump to full article: Reuters, 2002-05-25
Intro: Canadian cigarette maker Rothmans Inc. (Toronto:ROC.TO) said on Friday it was looking for acquisitions in Europe and North America after a break-up fee from a failed takeover bid lifted fourth-quarter profits to record levels.
Rothmans, whose subsidiary Rothmans Benson & Hedges is Canada's No. 2 cigarette maker, said late on Thursday that earnings for the quarter ended March 31 were C$27.6 million ($18 million), or 82 Canadian cents a share, up 65 percent from C$16.7 million, or 50 Canadian cents a share, for the same period a year ago.
The 2002 quarter included earnings of C$11.8 million, or 30 Canadian cents a share, as a break-up fee from Rothmans' failed bid for Santa Fe Natural Tobacco Co.
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