Friday, April 27, 2012

Marlboro maker Altria 1Q profit up nearly 4 pct

FILE - This April 23, 2008, file photo, shows the Altria Group Inc. corporate headquarters in Richmond, Va. Altria Group Inc. said Thursday, April 26, 2012, that its first-quarter profit rose almost 4 percent as higher prices and cost-cutting helped offset declines in cigarette volumes. It reported net income of $973 million, or 48 cents per share, for the three-month period ended March 31, up from $937 million, or 45 cents a share, a year earlier. (AP Photo/Steve Helber, File)Marlboro maker Altria Group Inc. said Thursday that its first-quarter profit rose almost 4 percent as higher prices and cost-cutting helped offset declines in cigarette volumes.


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