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Article: Japan Tobacco posts 25 percent rise in net profit for nine-month period
- Article from:
- AP Worldstream
- Article date:
- February 9, 2006
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AP Worldstream
02-09-2006
Dateline: TOKYO
Japan's biggest cigarette maker, Japan Tobacco Inc., said Thursday its net profit rose 25 percent for the nine-month period through Dec. 31, citing cost reductions and brisk performance of international tobacco sales.
Japan Tobacco posted net profit of 164.03 billion yen (US$1.38 billion; euro1.16 billion) for the April-December period, up from 131.4 billion yen the same period a year earlier.
Overall revenues fell 1.3 percent to 3.550 billion yen (US$29.83 billion; euro24.97 billion), mainly caused by a decline in tobacco sales in Japan, the company said in a statement.
Japan's smoking rate dropped for the 10th consecutive year to a new low of 29.2 ...