Japan Tobacco International (JTI) adjusted operating profit plummeted nearly 21 per cent to USD 889 million (EUR 809 million) in the second quarter due to strength of the US dollar against world currencies, the company said.

Operating profit at constant currency would have increased 16.1 per cent, JTI said. Sales, which declined 13.6 per cent to USD 2.7 billion, also would have risen had currency rates remained stable, said parent company Japan Tobacco.
Shipments of global flagship brands, comprising Winston, Camel, Mevius and LD, increased 6.2 per cent to 71.9 billion sticks (cigarette equivalent units) in the three months to 30 June on European demand. the company said. Shipments of Camel products rose 12.2 per cent, helped by a big increase in RYO. Mevius volume declined 0.9 per cent. Total shipments increased 0.2 per cent to 103.1 billion sticks.