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Manufacturing > Tobacco
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Universal operating profit up 25 per cent

Universal Corp third-quarter operating profit rose 25 per cent to USD 93.5 million as lower costs offset a 1 per cent decline in sales

“The current fiscal year (ending 31 March) continues to develop as we expected, with shipments heavily weighted towards the second half of the year”, said Chief Executive Officer George Freeman. “Third quarter lamina volumes shipped by our flue-cured and burley operations were the highest that we've seen for several years. In addition, our third quarter...

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