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Altria Group Inc. Message Board

  • oilbarron2000 oilbarron2000 Jan 31, 2014 6:06 PM Flag

    Altria Group Inc.'s fourth-quarter profit dropped 56 percent as the Marlboro maker sold fewer cigarettes and recorded charges related to paying off debt early

    Altria Group Inc.'s fourth-quarter profit dropped 56 percent as the Marlboro maker sold fewer cigarettes and recorded charges related to paying off debt early

    Cigarette volumes for the owner of the nation's biggest cigarette maker, Philip Morris USA, fell about 6 percent during the quarter to 31.8 billion cigarettes.

    Its top-selling Marlboro brand has been under pressure from competitors and lower-priced cigarette brands amid economic uncertainty and high unemployment.

    That's on top of the tax hikes, smoking bans and a social stigma that have made the cigarette business tougher.

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