Japan Tobacco Releases 2020 Second Quarter Results

Japan Tobacco Releases 2020 Second Quarter Results On July 31, 2020, Japan Tobacco, the maker of Ploom, released its 2020 Second Quarter results.HIGHLIGHTSRevenue fell by 2.7% - it is believed that COVID-19, which had a detrimental affect on the global economy, was a factor in this decreaseOperating profits fell by 19.1%Japan Tobacco is offering an interim dividend of 77 JPYForecasts for the 2020 year have had to be revised due to the economic effects of COVID-19Japan Tobacco is planning on... Read more

BAT Releases 2020 Half-Year Report

BAT Releases 2020 Half-Year Report On July 31, 2020, British American Tobacco (BAT), the maker of GLO, released its 2020 Half-Year report. HIGHLIGHTS Revenue rose by 0.8% Operating profits rose by 16.4% Jack Bowles, Chief Executive at BAT, addressed the issue of COVID by stating "We expect the coming months to bring continued uncertainty. Nevertheless, we will continue to invest in accelerating our strategy." GLO HIGHLIGHTS 10% of revenue is generated by non-combustible... Read more

PMI Releases 2020 Second-Quarter Report

PMI Releases 2020 Second-Quarter Report On July 21, 2020, Philip Morris International (PMI), the maker of IQOS, released its 2020 Second Quarter report. HIGHLIGHTS Net revenue decreased by 13.6% Operating profits decreased by 14.3% The report states that "PMI does not currently anticipate out-of-stock situations in any major operating income markets and generally expects consumers to have adequate access to its products" IQOS HIGHLIGHTS Market share for IQOS rose by 1.8 points... Read more