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Corporate News > Philip Morris
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PMI Q2 Results

The cigarette manufacturer’s financial performance surpassed Wall Street analysts’ expectations

Net profit for PMI in the second quarter was $1.89 billion versus $1.85 billion in the same period of 2014. Total revenue fell by 11% for the company to $18.76 billion. The company owes its high financial performance to a rise in global prices for tobacco and growth in demand for tobacco products in the historically “smoking” regions: Eastern Europe, the Middle East, and Africa where revenue...

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