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Imperial’s sales down

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Europe’s largest tobacco company, Imperial Tobacco Group Plc., is forecasting in first-half cigarette volumes on the back of shrinking demand in the U.S., Spain and parts of Eastern Europe.
The Bristol, England-based company reported that selling quantities for the period ending March 31 will decline about 4%. Supply disruption in the Middle East also contributed to the contraction.
 The company indicated that next half’s numbers should stabilize.

 

Quarter 4, 2011


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