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Wednesday, December 4, 2013

Philip Morris Expects Below-Target Profit Growth in 2014

Philip Morris International Inc., the world’s largest tobacco company famous for making Marlboro cigarettes brand, declared that in 2014 its per-share profit would raise more slowly than the company planned because shipments to Russia and Europe do drop. The company representatives told recently that in 2014 per-share profit excluding currency swings will raise from 6% to 8%. Its long-term target … Continue reading

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