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Article: Philip Morris Kuban net profit up six-fold in H1.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- September 7, 2006
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Philip Morris Kuban net profit up six-fold in H1
KRASNODAR. Sept 7 (Interfax) - Philip Morris Kuban, which is based in Krasnodar and belongs to Philip Morris International, increased net profit by 480% year-on-year to 87.862 million rubles in the first half of 2006, the company said in a report.
The company did not tell Interfax what specifically led to the significant growth.
Revenue fell 6.9% to 2.418 billion rubles in the half, while gross profit rose 15.3% to 282.567 million rubles.
The company's accounts payable totaled 872.503 million rubles at the end of June.
The report says the company is planning to introduce ...