May 22nd, 2012 00:00

Altria Announced $235 Million Cashless Profits from Equity Investment in SABMiller

Altria affirms again 2012 guidance for adjusted diluted earnings per share, constituting $2.17 to $2.23, demonstrating a growth rate of 6% to 9% from adjusted diluted earnings per share of about $2.05 in 2011.Altria Group yesterday declared that it will document single-shot cashless profits of $235 million or $0.11 per share to its 2012 ...

May 16th, 2012 00:00

Some Interesting Facts about Cigars

A cigar is a smoking product made from dried and fermented tobacco rolled into a piped shape. Long since, cigars were the luxury of the riches, however at present this is not true any more. The number of cigar smokers has risen with unexpectedly rapid progress and includes people from all social classes. Cigars are generally smoked on pa ...

May 8th, 2012 00:00

Reynolds American Announced a 28% Drop in First Quarter Profit

Tobacco giant Reynolds American announced a few days ago a 28% drop in first quarter profit, reflecting restructuring charges and lower tobacco volumes. The effect was mostly postponed by increased costs and productivity improvement. However, the parent enterprise of RJ Reynolds Tobacco and American Snuff supported its profit increase for ...

May 3rd, 2012 00:00

Tobacco Growers Face Difficult Economic Situation

For the past 15 years, farmer Bernadette Guya wakes up at 4 a.m. and works for the next 12 hours cultivating tobacco plant. She spends all that time watering and cutting the crop, and carrying for each leaf. Guya earns approximately $1,169 from the sale of tobacco leaves, five months after planting, which is a very low income in compariso ...

April 25th, 2012 00:00

Snoop Dogg Presents a Book Completely Made of Rolling Papers – “Rolling Words: A Smokable Songbook”

Snoop Dogg is transferring his love for marijuana to a new height, this time by presenting a book completely made of rolling papers. The Doggfather’s book entitled Rolling Words: A Smokable Songbook will contain some of the famous hip-hop star’s lyrics printed on rolling papers.Besides lyrics of such popular songs as “G ...

April 19th, 2012 00:00

British American Tobacco Revenue Increased by 50%

British American Tobacco Uganda (BATU) after posting Ushs 216bn ($87.9m) in 2011 will pay off its largest dividend to shareholders.BATU will have to pay Shs141 ($0.05) dividend on account on top of the advised dividend of UShs309 ($0.12), thus bringing the total to approximately Shs450 ($0.177) per each share. Which will constitute a 95% ...

April 13th, 2012 00:00

Philip Morris International Awarded its CEO with Entitlements Valued $20.2 million in 2011

Philip Morris International, the second largest cigarette manufacturer in the world, awarded its CEO Louis Camilleri with a total entitlements valued at more than $20.2 million in 2011, according to Associated Press (AP) analyst. The salary package came in a year when the manufacturer of Marlboro and Parliament cigarette brands faced an i ...

April 6th, 2012 00:00

Imperial Tobacco’s Largest Petone Plant Will Offer 50 New Workplaces

Big Tobacco is enlarging significantly in Lower Hutt as Imperial Tobacco’s largest Petone plant prepares to send about 4 billion cigarettes per year to Australia. The leading factory in Richmond St will be boosting its exports across the Atlantic Ocean and offering 50 new jobs, with a two-year , $45-million increase.Five advanced m ...

April 2nd, 2012 00:00

Farmers are Contented with the Prices Offered at the Tobacco Auction Floors

The rush and chaos that have characterized the tobacco marketing season for the last three years could now be history as the 2012 season has proved to be very advantageous for tobacco growers to lead their business. Many farmers were satisfied with the prices offered at the floors and the good level of marketing environment, provided by t ...

March 27th, 2012 00:00

Britain to Increase Cigarette Prices by 5%

Smokers and drinkers were informed by George Osborne that another tax increase on alcohol and cigarettes is going to take effect. The Chancellor declared that duties on alcohol will be raised by 5.4% that will prompt the price of a pint increasing by approximately 10p. The average bottle of wine will now be available at £5.Tobacco product ...

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