Japan Tobacco raises annual cigarette sales forecast again

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LONDON : Japan Tobacco on Thursday raised the full-year revenue forecast for its tobacco business for the second consecutive quarter, citing higher prices and better than expected third-quarter volumes.

FILE PHOTO: A woman poses with a cigarette in front of JTI (Japan Tobacco) logo in this illustration taken July 26, 2022.

While Japan Tobacco is looking to ramp up revenue growth from smoking alternatives, such as its heated tobacco device Ploom, its third quarter results show how cigarette sales continue to drive hefty profits for their makers despite heavy pressures on tobacco businesses.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanOman

Topics: Volumes Raised Constant Japan Cent Tobacco Continue Currency Forecast Cigarette Revenue

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 16:01:36 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 300 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 38 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23346805

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