Wednesday, February 23, 2011

U.S. cigar sales spike boosts Swedish Match Q4



(Reuters) Tobacco firm Swedish Match (SWMA.ST) posted higher fourth-quarter profits helped by a spike in sales of cheap cigars in the United States, and saw rising profits for that business this year, sending shares up.
While group profit just lagged a Reuters poll consensus, a trader said the firm beat his estimates, and cited a 49 percent increase in sales of U.S. mass market cigars as a key positive. Continued


Photo: Capitol page of the Senate shown filling the snuff boxes that are in the Senate Chamber which have been there for years and from tradition are always filled at the opening of Congress, circa 1939 (Library of Congress).

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