27/03/2024 13:51
Philip Morris CR's (PMCR) results for the second half of last
year and for the year as a whole were slightly lower than in the previous year.
Revenues for the second half of the year amounted to CZK10.9bn (-2.5% yoy),
while net profit was CZK1.7bn (-6.4% yoy). PMCR proposes to the AGM
to approve a dividend of CZK1,220 per share, which represents a (gross) yield
of +7.8%. The reported figures are almost in line with our forecasts.
Operating profit was slightly better (+4.0%) than we expected.