Philip Morris CR falls 13.7 pct as pft disappoints

23.03.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, March 23 (Reuters) - Shares in Philip Morris CR fell 13.7 percent to a seven-month low at Friday's open after the Czech cigarette...

...maker's net profit dropped well below market expectations.

Philip Morris, part of the U.S.-based Altria Group , traded at 9,000 crowns by 0832 GMT, down from Thursday's closing price of 10,428 crowns.

The firm's unconsolidated net profit fell to 1.65 billion crowns ($78.95 million) in 2006, below an average forecast of 2.3 billion crowns in a Reuters survey of four analysts [ID:nL22398415].

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