Jessica Miller | August 1, 2012
The nation’s publicly listed tobacco companies are struggling to book profits amid public health campaigns and pressure from increased operating costs on their bottom lines. Of the three cigarette makers listed on the Indonesian Stock Exchange, only PT Hanjaya Mandala Sampoerna said it booked higher profits in the first half of 2012 when compared to the same period year ago. Meantime, PT Gudang Garam declared that its profits dropped on an increase in the cost of goods sold, while PT Bentoel International cited higher operating costs behind its faded performance.
Jessica Miller | July 20, 2012
Provide disruptions for rivals following the earthquake and tsunami in Japan in March 2011 permitted Philip Morris International Inc. to enlarge its profits in Asia. Approximately a year after Philip Morris bought Fortune Tobacco Co. in the Philippines, the disaster hit and broke operations at Japan Tobacco Inc. Philip Morris manufactures its tobacco products outside of japan and shipments to ports went on undiminished. Smokers, not able to get their usual smoking brand, switched to Marlboro and other Philip Morris tobacco brands.
Jessica Miller | February 24, 2012
Philip Morris Tobacco Company is more interested on cigarettes sales in Russia, because of recent regulations about new package warnings and new anti-smoking campaigns. Philip Morris Izhora, one of the company’s two full cigarette smoking production crops in Russia dropped by approximately 2 per cent last year, to 70 billion cigarettes yearly — while still controlling to raise its share of the tobacco market by 0.8 per cent to 26.2 per cent.
Jessica Miller | December 23, 2011
Attorney-General Nicola Roxon says tobacco giant Philip Morris deliberately altered its corporate structure so it could launch an international trade law case against the government’s plain packaging legislation. Philip Morris Asia is challenging the laws, which were passed by parliament in November, through the United Nations Commission on International Trade Law.
Jessica Miller | November 23, 2011
Philip Morris International is the first tobacco giant suing the Australian government over strict new branding restrictions, which it believes will cost it billions in the region, the Wall Street Journal reports. British American Tobacco and Imperial Tobacco Group are expected follow. Why? Because their billion-dollar brands, like Marlboro and Parliament, will be crushed.