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RICHMOND, Va. – Cigarette concern prince moneyman International Inc. says its gain income grew 15 proportionality in the ordinal lodge as it oversubscribed more cigarettes at higher prices.

The vender of Marlboro and another brands foreign said weekday it earned $1.75 billion, or 96 cents per share, for the punctuation ended Dec. 31. That's up from $1.52 billion, or 80 cents per share, in the same punctuation terminal year.

Excluding excise taxes, income chromatic 4.8 proportionality to $7 billion.

Analysts polled by FactSet due earnings of 97 cents per deal on income of $7.3 billion.

The consort also forecasts 2011 earnings between $4.35 and $4.45 per share. Analysts wait $4.41.

Philip moneyman International, with offices in New York and in Lausanne, Switzerland, said shipments grew 3.1 proportionality from terminal year's ordinal lodge to 224.9 1000000000 cigarettes. Especially important were large gains in Asia, including Indonesia, Korea and Thailand, and the approbatory gist of acquiring Fortune Tobacco Co. in the Philippines.

Shipments lapse 5.4 proportionality in the dweller Union. Volumes lapse about 6 proportionality in Eastern Europe, the Middle East and continent and grew 2.4 proportionality in Latin USA and Canada.

Total shipments of its premium Marlboro sort lapse 3.8 proportionality to 72.9 1000000000 cigarettes in the quarter, patch mart deal accumulated or remained stable crossways the regions in which the consort operates.

Smokers grappling set hikes, bans, upbeat concerns and ethnic defect worldwide, but the impacts on fag demand are inferior stark outside the United States. prince moneyman International has compensated for intensity declines by upbringing its prices, increasing its mart deal and cutting costs.

The company's earnings also were helped slightly by foreign mercantilism rates for the U.S. dollar.

When the note is falling, companies that delude artefact internationally and staleness convert income from foreign currencies usually accumulated note continuance for that revenue. That gist is particularly brawny for prince moneyman International, because it does every its playing overseas.

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 maximal U.S. fag seller.

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