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Philip Morris CR Third-Quarter Consolidated Revenue Up 5.4%

Nov. 14 (Bloomberg) -- Philip Morris CR, a unit of Philip Morris International Inc., said third-quarter consolidated revenue rose 5.4 percent on favorable pricing and higher exports.

Revenue for the period ended Sept. 30 was 3.18 billion koruna compared with 3 billion koruna in the year-ago period, the Kutna Hora, Czech Republic-based company said in a statement on its website.

The company had previously said in its earnings statement from Philip Morris International that domestic shipments shipments declined 9.1 percent in the third quarter as a result of the decline of the total market and a lower market share.

Philip Morris CR has “sufficient financing” for the foreseeable future, it said, without providing additional earnings data for the period.

To contact the reporter on this story: Douglas Lytle in Prague at dlytle@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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