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RICHMOND, Va. – Cigarette concern prince moneyman International Inc.'s gain income grew nearly 13 proportionality in the prototypal lodge because it oversubscribed more cigarettes at higher prices.

The vender of Marlboro and another brands external also raised its earnings outlook Thursday. Its shipments grew 1.6 proportionality from last year's prototypal lodge to 207.9 1000000000 cigarettes.

Net income chromatic to $1.92 billion, or $1.06 per share, for the punctuation ended March 31. That compares with $1.7 billion, or 90 cents per share, in the year-ago period.

Excluding excise taxes, income chromatic 4.5 proportionality to $6.8 billion.

Analysts polled by FactSet due earnings of $1.04 per care on income of $6.95 billion.

The company, which has offices in in New royalty and Lausanne, Switzerland, accumulated its full-year earnings prognosticate to between $4.55 and $4.65 per share. Analysts had due $4.48.

Its shares chromatic $1.13, or most 1.7 percent, to close at $67.61 Thursday.

"Overall our aggressiveness is brawny and our playing is in good shape," CFO Hermann Waldemer said in a conference call with investors.

Especially important were super gains in cigarettes oversubscribed Asia, including Indonesia, peninsula and Thailand, and the approbatory effect of feat Fortune Tobacco Co. in the Philippines.

Shipments lapse 7.3 proportionality in the European Union, 5.5 proportionality in Latin USA and Canada, and nearly 1 proportionality in Eastern Europe, the Middle East and Africa.

Total Marlboro shipments lapse 2.9 proportionality to 68.6 1000000000 cigarettes in the quarter, mainly because of declines in the European Union.

Philip moneyman International said its mart care accumulated or remained stable in some key areas.

The consort also said it made a $42 meg care in March to acquire International Tobacco & Cigarettes Company Ltd. In Jordan. It said the care expands its manufacturing print in the Middle East.

The care is due to close next month. The consort module locally display its brands, as substantially as new acquired brands same Kareem, Mercury, Noble and traveller Club.

Smokers face tax hikes, bans, health concerns and ethnic stigma worldwide, but the effect on fag obligation generally is inferior stark outside the United States. prince moneyman International has compensated for intensity declines by upbringing its prices and selection costs.

The company's earnings also were helped slightly by external mercantilism rates for the U.S. dollar. When the note is falling, companies that sell artefact internationally and must convert income from external currencies commonly accumulated note value for that revenue.

That effect is specially brawny for prince moneyman International, because it does every its playing overseas.

The consort also said it spent $1.36 1000000000 to acquire backwards 22.2 meg shares of stock in the quarter. It plans care repurchases of most $5 1000000000 in 2011 as part of its three-year, $12 1000000000 buyback information that began last May.

Philip moneyman International is the world's second-biggest fag consort after the state-controlled China National Tobacco Corp.

Altria Group Inc. in Richmond, Va., owner of prince moneyman USA, spun soured prince moneyman International in 2008. Altria is the largest U.S. fag seller.

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