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Corporate News > Philip Morris
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PMI Results for 6 Months

Profit shrank more for PMI in the second quarter of 2016 than experts had forecast

Cigarette shipments totalled 209.3 billion pieces between April and June, down 4.8% on the same period of last year. Supply declined in every region. Total profit was 1.79 billion dollars; it was 1.89 billion US dollars a year earlier. Revenue net of excises totalled 6.65 billion dollars (minus 3.1%). Against a background of unstable foreign exchange rates, PMI increased its forecast about net profit in...

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