 Wysłany: Sob 12:55, 26 Mar 2011 Temat postu: British American Tobacco Profit Up |
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British American Tobacco, the second-largest tobacconist in the world, and the leading tobacco company by revenue in Europe reported last week an increase in full-year profits mainly on sales growth, encouraged by growing sales in developing markets. The rise totaled 6.1 percent in the full year 2010,newports cigarette, as Bat sold more Kent and Dunhill cigarettes in Russia. However, the company said sale volumes decreased as some markets struggled with recession and fluctuations. British American Tobacco increased prices to compensate for a decline in demand and higher taxes as governments tied up budgets and discouraged tobacco consumption. Japan approved a record tax hike last October, increasing the tax by 40 percent, Turkey hiked its cigarette tax by 29 percent in the late 2009 and Australia approved a 25-percent tax increase in April. Therefore, the company increased prices by 5.8 percent in 2010,Menthol Cigarettes Attract Young Smokers,newport cigarettes made in usa, according to MF Global analysts. “We consider that pricing would remain solid in 2011”,newport king size cigarettes, said MF Global Senior Analyst Andy Smith in a statement to investors. Revenues went up by 4.8 percent to 14.88 billion pounds,Imperial Tobacco sales growth in Emerging markets, the London-based tobacco company stated. |
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