Tobacco company Swedish Match Q3 operating profit falls

(Reuters) Cigar and snuff maker Swedish Match posted a slightly larger-than-expected fall in third-quarter operating profit as it boosted snuff marketing in the United States and a daughter company booked costs for a plant closure.
... Stripping out the top-end cigars and pipe tobacco operations of the Scandinavian Tobacco Group (STG) business, operating profit grew 4 percent to 909 million crowns.
... The group said volumes at its second key operation besides snuff, the U.S. mass-market cigar business, spiked 55 percent ... Continued