Vladimír Urbánek (Kurzy.cz)
World markets  |  October 18, 2012 15:28:48

Net income Philip Morris Int. in Q3 fell by 6.3% and just fell short of market expectations, European slump

The world's largest publicly traded tobacco company, a U.S. corporation Philip Morris International, 3Q this year, posted a decline in net profit by 6.3% to 2.23 mld.USD = $ 1.32 per share. Excluding some one-time items, the gross profit level of $ 1.38 per share, which just fell short of market expectations set in this respect to the $ 1.39 per share. The decline in profit is mainly related to the decrease in sales in the EU, which reached 15%.

Sales companies in 3Q globally fell by 3.5% to 5.3 billion cigarettes. Deliveries for the Czech market through PM CR decreased in Q3 of this year by 7.9% and 8% respectively for the first nine months. PMCR market share in the domestic market declined by 2% to 42.5%.

Shares PM react to the report of a decrease of 0.7%. At the conclusion of yesterday the title this year polepšoval by 17%.

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