PRAGUE Nov 8 Czech tobacco group Philip Morris
CR's revenue rose 8.9 percent in the first nine
months of 2012 to 9.6 billion crowns ($481.99 million) thanks to
a rise in exports.
Shipments to other Philip Morris International
affiliates helped compensate for declines of 8.0 percent and 6.5
percent, respectively, in the company's Czech and Slovak
markets, the company said on Thursday.
"Our domestic shipments in the Czech Republic and Slovakia
remain under pressure," chairman and managing director Andras
"This is due to lower total cigarette market volumes and
consumer down-trading to low-price cigarettes in both markets,
as well as to lower-taxed fine-cut tobacco in the Czech
($1 = 19.9173 Czech crowns)
(Reporting by Jason Hovet; Editing by Jan Lopatka)