tobacco

Philip Morris Serbia Raises Sales to €179 Million as Niš Factory Expands Smoke-Free Production

Philip Morris Serbia increased first-half revenue by about 11% to RSD 21 billion (€179 million), while higher expenses reduced operating and net profit at its export-oriented manufacturing operation in Niš. Total expenses rose almost 18% to RSD 16.7 billion (€142 million). Operating profit declined to approximately RSD 4.2 billion from RSD 4.4 billion, while net profit decreased to about RSD 3.7 billion (€32 million) from approximately RSD 4.0 billion a year earlier. The financial results come as the Niš facility…