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PMI First-quarter Results

Cigarette shipments in Russia declined by 6.3%

Philip Morris International Inc. reported earning a profit of 1.53 billion US dollars or 98 cents per share in the first quarter of 2016. Profit was 1.8 billion dollars for the same period a year earlier. Revenue in the first quarter of 2016 fell by 8.1% to 6.08 billion dollars compared with the same period of last year. Global cigarette shipments declined by 1.4% to 196 billion pieces. Cigarette shipments in Russia declined in the first...

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