|
|
Article: Altadis First Half Ebitda Up + 5.8 %.
- Article from:
- Business Wire
- Article date:
- August 31, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
PARIS -- The Board of Altadis examined, on Friday, August 27th, Group results for the first half of 2004.
Two outstanding facts, already highlighted in first quarter results, were:
--in France, the pronounced downward reaction of the duty-paid market (-24.9% for cigarette volumes) to tax and subsequent retail price increases late 2003 and early January 2004;
--and, still, a first time consolidation impact during this past semester of the Regie des Tabacs du Maroc (RTM) consolidated since July 1st, 2003.
After the end of the semester, three other outstanding facts took place that will impact Altadis future:
--in July and ...