sealatte
03-28-2008, 12:46 PM
Phillip Morris should be trading by today or first thing Monday.
This news is only going fuel the stock price when it starts to trade.
I see good growth in the International market especially, India, China, SE asia.
I own MO from long time and PM slit will be very rewarding.. look at their dividends...
Czech Philip Morris unconsolidated net soars 47 pct
Thu Mar 27, 2008 8:01pm EDT
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PRAGUE, March 28 (Reuters) - Czech cigarette maker Philip Morris CR (TABKsp.PR: Quote, Profile, Research) reported on Friday a 47 percent surge in 2007 unconsolidated net profit to 2.42 billion crowns ($149.9 million), exceeding forecasts.
Seven analysts polled by Reuters had forecast unconsolidated net profit of 1.66 billion, almost flat from 2006.
Consolidated net profit, which includes the firm's Slovak operations, was 1.97 billion crowns, slightly up from 1.91 billion a year ago.
Philip Morris CR is a unit of Philip Morris International, part of the Altria group (MO.N: Quote, Profile, Research) due to be listed on the New York Stock Exchange on Friday.
The Czech unit usually pays out all unconsolidated net profit in dividends, which would indicate a dividend around 883 crowns per share, up from 600 crowns last year.
That would give dividend yield of around 13.6 percent at Thursday's closing price of 6,475 crowns. (Reporting by Jan Lopatka; editing by Sue Thomas)
This news is only going fuel the stock price when it starts to trade.
I see good growth in the International market especially, India, China, SE asia.
I own MO from long time and PM slit will be very rewarding.. look at their dividends...
Czech Philip Morris unconsolidated net soars 47 pct
Thu Mar 27, 2008 8:01pm EDT
Email | Print |
Share
| Reprints | Single Page| Recommend (2)
[-] Text [+]
powered by Sphere Sphere
Market News
Gold falls 2 percent in broad commodities sell-off
RIM shares help boost Nasdaq | Video
Dollar rises after higher-than-expected U.S. income
More Business & Investing News...
Featured Broker sponsored link
Money Center
$0 stock trades. 10 free per month.
PRAGUE, March 28 (Reuters) - Czech cigarette maker Philip Morris CR (TABKsp.PR: Quote, Profile, Research) reported on Friday a 47 percent surge in 2007 unconsolidated net profit to 2.42 billion crowns ($149.9 million), exceeding forecasts.
Seven analysts polled by Reuters had forecast unconsolidated net profit of 1.66 billion, almost flat from 2006.
Consolidated net profit, which includes the firm's Slovak operations, was 1.97 billion crowns, slightly up from 1.91 billion a year ago.
Philip Morris CR is a unit of Philip Morris International, part of the Altria group (MO.N: Quote, Profile, Research) due to be listed on the New York Stock Exchange on Friday.
The Czech unit usually pays out all unconsolidated net profit in dividends, which would indicate a dividend around 883 crowns per share, up from 600 crowns last year.
That would give dividend yield of around 13.6 percent at Thursday's closing price of 6,475 crowns. (Reporting by Jan Lopatka; editing by Sue Thomas)