BAT posts higher Q2 pre-tax profit of RM296m

British American Tobacco Malaysia reported a higher pre-tax income of RM296.720 million for the second quarter ended June 30, 2012, up 14.4 % from RM247.798 million in the respective quarter last year. Bat said to Bursa Malaysia that income rose by 3.7 % to RM1.068 billion from RM1.043 billion previously. The world’s second-largest tobacco company, British […]

Lower Risk Cigarettes

Philip Morris to Introduce Lower-Risk Cigarettes by 2017

In accordance with a Bloomberg report yesterday Philip Morris International Inc., the world’s biggest tobacco company, announced about its plans to create a new type of cigarette that has lower health risks by 2017. The tobacco company is creating three products that would be featured...

Philip Morris Charitable Giving Program

Philip Morris International charitable giving programs ameliorate conditions of living in places where the company’s employees live and work. As well, the cigarette maker controls the agricultural communities. There are five areas that are included in charitable giving programs: starvation and poverty, education, country conditions of...

Japan Tobacco

Japan Tobacco to Break Free of Government

Japan Tobacco Inc, the world’s third-largest tobacco company by sales volume, will for the first time install top management that aren’t former bureaucrats, the WSJ reports. The company, half-owned by the Japanese government, is hoping to become a more efficient company in order to compete...

Lorillard

Lorillard Doesn’t Need Merger to Reward Investors

Lorillard Inc., the subject of takeover speculation for more than three years, doesn’t need to combine with another tobacco producer to reward shareholders, Chief Executive Officer Murray Kessler said. “It would be a high hurdle for somebody to come in” and acquire Lorillard, Kessler, 52,...

Philip Morris International Is Still Looking Like A Good Investment

Shareholders of Philip Morris International (PM) have had a lot to be happy about over the last year. In the latest reported quarter, Q3 2011, the company’s net income surged by 30.5% from the prior-year quarter. The company’s operating income and free cash flow showed...

British American Tobacco mobilises workforce

British American Tobacco has embarked on a company-wide mobilisation strategy with the help of a new mobile management platform. BAT is using the Excitor DME (dynamic mobile exchange) system to help meet strict data security requirements and support the company’s business goals for mobility. The...

Thailand Tobacco Monopoly seeking partner

The Thailand Tobacco Monopoly (TTM) wants to pursue overseas markets by entering a joint venture with a global company, according to a Bangkok Post story quoting managing director, Torsak Chotimongkol. Torsak said a joint venture with a multinational would bring knowledge of technology and management...

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