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JTI 2015 Results

The decline of the Russian tobacco market was 6.3% in 2015, according to JTI

The company’s sales in Russia shrank by 11.4% in volume terms compared with the result a year earlier. The market share went down from 34.9% to 33.6% for JTI. Sales of global flagship brands shrank by 8.1%. JTI explains the decline in shipments with stronger competition between market players in the low-priced segments, which was manifested in particular in launches of products with an increased number of...

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