Lorillard's cigarette shipments to domestic wholesalers rose 2.8 per cent to 10.1 million sticks in the three-month period ended 30 September.
Shipments of full-price brands gained 2.1 per cent in the third quarter to 8.6 million sticks while value-brand shipments increased 6.7 per cent to 1.5 million units, the company based in Greensboro, N.C. said in a 24 Oct. Statement. Sales rose USD 55 million to USD 1.6 billion. Gross profit at USD 563 million represented 34.7 per cent of sales.
Newport shipments increased 2.5 per cent to 8.5 million sticks. Kent shipments declined 21.4 per cent and the True brand by 18.3 per cent. (ci)
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