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Corporate News > Other Foreign Manufacturers
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Strong dollar and cigars boost Swedish Match profit

Foreign exchange earnings from US sales of Swedish Match snus and moist snuff and a booming cigar market backed a 9 per cent increase in second-quarter consolidated operating profit, the company said

“Sales for snus and moist snuff were flat and were positively impacted by a stronger US dollar versus the Swedish krona,” Swedish Match (SM) said. Market share for SM snus in Norway, the second largest Scandinavian market outside Sweden, fell 3.8 percentage points in the April-June...

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