Price Increases Boost Rothmans' Profits

Source from:  tr.itsmyiq.com May 19, 2008 05/20/2008

Rothmans Inc. grew its full-year earnings by 18 percent to $117.6 million as net sales at 60 percent owned subsidiary Rothmans, Benson & Hedges (RBH). rose 8 percent to $670.6 million on price increases. RBH shipped 10.7 billion equivalent sticks into the Canadian market during the financial year ended March 31, up 0.2 percent from the prior year, with low-priced brands offsetting declines in sales of both premium cigarettes and rolling tobacco. The growth took place in an otherwise declining market, a reduction in overall industry profitability and growing presence of contraband in Canada. Enditem