United States | Operating in a difficult environment
04 Jul 2010.
The two top tobacco manufacturers in the United States are charting new territory owing to excise tax increases and future tobacco product regulation by the US Food and Drug Administration.
Estimated cigarette profit for Altria grew to USD 9.4 billion (EUR 7.6 billion), and PM USA’s share of profit amounted to 56 per cent.
Estimated profits from the smokeless category were USD 1 billion (EUR 0.8 billion), and US Smokeless Tobacco and PM USA’s combined share of profits was 64 per cent.
Estimated profit of machine-made large cigars rose to about USD 600 million (EUR 483 million), and the John Middleton’s share of profit was 33 per cent.
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