Wednesday, May 4, 2011

Swedish Match's snuff margin tops forecasts



(Reuters) Swedish Match (SWMA.ST) reported higher operating profits on Wednesday, helped by a spike in sales of cheap cigars in the United States and higher prices for its non-smoking tobaccos.
Swedish Match, whose main markets are Sweden, Norway and the United States, said it expects markets for its snus and moist snuff non-smoking tobaccos to go on growing this year. Continued

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