Philip Morris International (PMI) second-quarter shipment volume at nearly 220 billion sticks dipped 1.3 per cent following an increase in the first three months of 2015, the company said.

Combined shipments in the first six months of the year were flat at 418.6 billion sticks. PMI said it increased market share in at least 16 key markets.
Operating companies income (OCI) benefited from higher cigarette prices and suffered from foreign currency fluctuations, PMI said. OCI at almost USD 3 billion (EUR 2.7 billion) was 0.6 per cent less than the second quarter of 2014. Sales fell 12 per cent to USD 6.9 billion. Currency fluctuations stripped reported sales of USD 1.3 billion, without which net revenue would have risen 4.6 per cent, PMI said.