PHILIP MORRIS PROFITS JUMP 17% IN QUARTER

NEW YORK -- Record Marlboro cigarette shipments and sales, the successful introduction of Red Dog beer from Miller and retail share increases in 18 of its top 20 food businesses enabled Philip Morris Cos. here to produce double-digit earnings increases for its 1995 first quarter.of 46%, up 2.9 share points from a year ago. Marlboro shipment share rose 3.7 points to 29.6%, also a record, while shipment

NEW YORK -- Record Marlboro cigarette shipments and sales, the successful introduction of Red Dog beer from Miller and retail share increases in 18 of its top 20 food businesses enabled Philip Morris Cos. here to produce double-digit earnings increases for its 1995 first quarter.

Register to view the full article