Reynolds' net income rises
65% gain comes as growth cigarette brands increase market share
(Winston-Salem Journal) - Reynolds American Inc., bolstered by solid sales from its top cigarette brands and smokeless-tobacco subsidiary, reported a 65 percent jump in net income in the fourth quarter yesterday.
Reynolds posted $297 million in net income, compared with $180 million in the fourth quarter of 2006.
Diluted earnings were $1.01 a share, up 40 cents from a year ago.
(Winston-Salem Journal) - Reynolds American Inc., bolstered by solid sales from its top cigarette brands and smokeless-tobacco subsidiary, reported a 65 percent jump in net income in the fourth quarter yesterday.
Reynolds posted $297 million in net income, compared with $180 million in the fourth quarter of 2006.
Diluted earnings were $1.01 a share, up 40 cents from a year ago.
posted by BP News Bureau | 12:43 PM
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