Thursday, February 23, 2012

US Big Tobacco Corps 4Q 2011 Earnings Up 3%

There were 4 Big US Tobacco Corps with Pretax Income of at least $100 mil in the most recent 4Q 2011.

These 4 Big Tobacco Corps generated Total Pretax Income growth of a modest 3% in the 4Q 2011, with this growth held back by Altria Group's down earnings.

Below here are these 4Q 2011 Pretax Earnings (PTI), along with a comparison with the prior year’s quarter amounts.

...........................................................................Increase
................................................PTI........PTI.......(Decrease)
.................................................4Q.........4Q..................
...............................................2011......2010....Amount....%
.................................................(millions of dollars)

Phillip Morris Intl..................2,749.....2,527........222......9%
Altria Group..........................1,183.....1,407.......(224)...-16%
Reynolds American(1).............509........464..........45.....10%
Lorillard..................................496........406..........90.....22%

Total all 4.............................4,937.....4,804.........133......3%

(1) Reynolds American PTI in both years excludes Intangible Asset Charges.