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Comment on financial results: PMCR: Results in line with expectations, dividend CZK1,310

3/28/2023 10:28 AM

Philip Morris CR (PMCR) today announced its financial results for the second half of last year and for the full year. Full-year revenues increased +11.0% to CZK21bn. Sales of smoke-free products and favourable price developments had a positive impact. Net profit increased +3.4%, to CZK3.6bn, due to the improved financial result. PMCR management proposes a dividend of CZK1,310 (gross yield of +7.4%). The reported figures are in line with our estimates.

Autor: Bohumil Trampota
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