Brief: Czech Philip Morris says Q1 revenue rises 9.3 percent

Philip Morris CR as

17/05/2016 06:35

May 17 (Reuters) - Czech tobacco company Philip Morris CR 
 TABK.PR  
    * Says Q1 consolidated revenue, net of excise tax and VAT, 
CZK 2.53 billion ($105.96 million), up 9.3 percent y/y 
    * Says rise mainly driven by favorable volume in the Czech 
Republic and Slovakia, as well as higher  manufacturing services 
    * Says shipments up 7.4 percent y/y 
    * Says according to Nielsen research Philip Morris CR share 
in Czech market declined to 45.5 percent from 46.8 percent 
    * Says total market in Czech Republic increased by an 
estimated 7.2 percent in first quarter 
    * Company is an affiliate of Philip Morris International 
 PM.N  
 
 
Further company coverage:  TABK.PR  
 
($1 = 23.8780 Czech crowns) 
 
 ((jason.hovet@thomsonreuters.com;))