9/29/2022 11:17 AM
Philip Morris CR (PMCR) today reported its results for the first half of this year. PMCR reported a 5.8% y/y rise in net profit to CZK1.8bn on sales of CZK9.8bn (10.4% y/y). The decline in the market share of classic cigarettes was almost offset by an increase in heated products. The decline in market share is also attributable to material supply shortages which caused production interruptions and production rescheduling. The results for the first half of the year indicate a total dividend of CZK1,350 (gross yield of 8.1%). The reported figures are in line with our estimate.
Autor: Bohumil Trampota
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