Philip Morris Cos. reported a 30% rise...
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Philip Morris Cos. reported a 30% rise in profit for its first quarter to $502 million, compared to $386 million in the year-ago period. The New York-based tobacco, food and brewing concern attributed the improvement to the performance of its Marlboro cigarettes, Oscar Mayer luncheon meats and its Miller Brewing operation, which all had strong volume gains. The company said its Philip Morris Credit Corp. posted higher revenue as well.
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