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Universal Profit Falls by One Third Source from: Tobacco Journal International 11/07/2013 ![]() Universal Corporation operating profit fell by one third and sales by nearly 4 per cent in the three months to 30 Sept, heavily influenced by lower volume and margins in South America, the independent leaf dealer said. Second quarter operating profit from tobacco operations fell to USD 49.5 million (EUR 36.7 million) from USD 75.1 million and by more than half to USD 55.7 million for the first half of fiscal 2014. Higher prices on less volume generated sales of USD 650.1 million in the second quarter, down from USD 675.2 million. Enditem |