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Japan Tobacco's Profits Surge Amidst Declining Volumes
- Japan Tobacco reported a 9.7% increase in annual adjusted operating profit, driven by higher-priced tobacco packs and the acquisition of Vector Group.
- Despite a forecasted volume decline of up to 2% in 2025, the company expects a 6.9% rise in core revenue and an 8.1% rise in adjusted operating profit.
- The company is focusing on alternative products to offset declining volumes due to stricter regulations and health awareness.
Source: Channel Newsasia, Channel Newsasia
5mo ago
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