Philip Morris Int'l 2nd-qtr net incom...

Philip Morris Int'l 2nd-qtr net income grows more than 21 percent on higher cigarette prices

There are 1 comment on the WTKR-TV Norfolk story from Jul 21, 2011, titled Philip Morris Int'l 2nd-qtr net income grows more than 21 percent on higher cigarette prices. In it, WTKR-TV Norfolk reports that:

Cigarette maker Philip Morris International Inc.'s second-quarter profit grew more than 21 percent because it commanded higher prices for its brands.

Join the discussion below, or Read more at WTKR-TV Norfolk.

Hugh Jass

Nashville, TN

#1 Jul 22, 2011
Once again, the arrogance of an industry with addiction as its sole product. Not buying as many? We'll just increase our profit margin and charge you more for each, knowing that you can't quit and that we will find some way to recruit unwary children to replace you even if you do.

They sold FEWER cigarettes and increased their profits by more than a FIFTH?

Smokers, meanwhile, are too distracted with attacking regulations and taxes to even notice what their supplier is doing to them.

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