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Japan Tobacco Forecasts 17% Profit Drop Amid Restructuring Costs

said profit will probably fall 17 percent this year because of restructuring costs for its domestic business and a drop in profit from selling real estate. The company projects net income will decline to 370 billion yen ($3.6 billion) in the 12 months en
Business Week/Bloomberg
added Apr 24, 2014 11:35
8 Views

Camel maker Reynolds 1Q profit falls more than 28 pct on lower cigarette sales, higher costs

Reynolds American Inc.'s first-quarter profit fell more than 28 per cent as the company sold fewer cigarettes and spent more on expanding its electronic cigarette brand and legal costs.
AP - Associated Press
added Apr 23, 2014 22:45
5 Views

FORM 8-K CURRENT REPORT / 99.1 Earnings Release of Reynolds American Inc., dated April 23, 2014.

o Excludes gain on discontinued operations; charges for Engle progeny lawsuits and tobacco-related and other litigation; implementation costs; and other special items*
Reynolds American (RAI)
added Apr 23, 2014 09:29
4 Views

RAI’s 1Q14 reflects strong underlying performance; Company reaffirms full-year guidance (PDF)

Reynolds American (RAI)
added Apr 23, 2014 09:28
9 Views

Tobacco's Vapor Wager Looks Good on Paper

The Wall Street Journal Interactive Edition
added Apr 23, 2014 09:22
19 Views

Philip Morris Finds Its Footing In The Electronic Cigarette Industry

despite the risks outlined above, the electronic cigarette industry looks here to stay. The widely perceived, though not proven, health benefits, coupled with the lower cost of using electronic cigarettes compared to traditional cigarettes, makes it diffi
Trefis
added Apr 22, 2014 14:23
21 Views

[Asia, Malaysia] BAT cautious on outlook, illegal cigarettes still a concern

British American Tobacco Malaysia Bhd expects a challenging outlook for 2014, citing that any further increase in excise duties would fuel the illegal cigarette problem. Commenting on the performance at a press conference after its annual general meeting
The Star (my)
added Apr 22, 2014 11:45
5 Views

[UK] BENTLEY: Regulation of e-cigarettes will be one of tobacco's greatest saviours

three reasons why those in the tobacco industry may not be looking to throw in the towel in just yet. E-cigarettes … Tobacco control failing to cut smoking rates ... Tobacco companies and consumers are adjusting behaviour Instead of quitting, cigarett
City A.M. (uk)
added Apr 18, 2014 13:19
21 Views

Philip Morris (NYSE:PM) Struggled Again In The First Quarter As A rising Dollar And Global Regulations Hit Profits

Global tobacco firm Philip Morris International Inc. (NYSE:PM), which reports before the market opens on Thursday, is expected to report declining profit again in the first quarter as a strong U.S. dollar weighs on the firm.
International Business Times
added Apr 17, 2014 04:33
16 Views

E-Cigarettes, Momentum to Legalize Marijuana Could Revive Tobacco Industry, According to The Boston Company Asset Management

E-cigarettes and growing momentum to legalize marijuana in the United States could dramatically revive growth for major tobacco companies, which have not introduced a major new product since light cigarettes in 1970, according to The Boston Company Asset
PR Newswire
added Apr 17, 2014 04:26
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