Philip Morris Posts Increase in Philippine Sales

Tobacco manufacturing firm Philip Morris International (PMI) said it posted a 6.1 percent jump in its sales volume in the Philippines from January to May.

20140701110719506A

PMI’s total sales volume hit 28 billion units at end-May, nearly 2 billion units more than the 26.4 billion in the same period last year.

Its Marlboro brand led the growth with a 10.3 percent increase while its other brands increased by 5 percent.

PMI Asia region president Matteo Lorenzo Pellegrini noted that the rise in shipment volume occurred amid the “absence of a level playing field.”

“Key to this performance has been the marketing support behind our main brands and the significant price investment in order to maintain competitive price gaps to Mighty Corp.’s brands,” he said.

Pellegrini, however, said that despite PMI’s positive numbers, “there are strong indications based on official tax statistics and Nielsen data that, in 2013, Mighty declared only about half of its sales volume for tax purposes.”

He said that while there was a dip in Mighty’s estimated sales volume in the first quarter, the proportion of underdeclaration for tax purposes increased during the period.

“This continues to prevent us from being able to operate on a level playing field, impacting both our market share and profitability,” he said.

Pellegrini added that the launch of tax stamps in July will help address issues on illicit trade.

“With continuous pressure, we remain optimistic that the Philippines will gradually return to a more stable and fair business environment,” said Pellegrini.

“We will continue to encourage the authorities to act decisively and we are hopeful the fiscal tax stamp implementation expected in July will help address this,” he added.

 

 

Newport (stamp) cigarettes

Newport (stamp) cigarettes

cheap newport cigarettes newport (stamp) cigarettes: Alabama newport   ,…

$27.00

… more info

Newport 100's cigarettes

Newport 100′s cigarettes

Newport 100′s cigarettes 1cartons=10box,200cigarettes Order rules: website MOQ:5cartons If you…

$29.00

… more info

Newport 100's soft pack cigarettes

Newport 100′s soft pack cigarettes

Newport 100′s soft pack cigarettes 1cartons=10box,200cigarettes Order rules: website MOQ:5cartons…

$29.00

… more info

newport box 100s 2010 cigarettes

newport box 100s 2010 cigarettes

Newport box 100s  2010 cigarettes Original Manufacturer: American-made…

$28.00

… more info

 

newport box 100s 2010 cigarettes

newport box 100s 2010 cigarettes

Newport box 100s  2010 cigarettes Original Manufacturer: American-made…

$28.00

… more info

Newport box cigarettes

Newport box cigarettes

Newport box cigarettes 1cartons=10box,200cigarettes Order rules: website MOQ:5cartons If you order…

$27.00

… more info

Newport Kings cigarettes

Newport Kings cigarettes

Newport Kings cigarettes Newport Kings soft pack cigarettes 1cartons=10box,200cigarettes Order…

$27.00

… more info

Newport Menthol Blue 100's cigarettes

Newport Menthol Blue 100′s cigarettes

Newport Menthol Blue 100′s cigarettes 1cartons=10box,200cigarettes Order rules: website…

$29.00

… more info

 

Newport Menthol Blue cigarettes

Newport Menthol Blue cigarettes

Newport Menthol Blue cigarettes 1cartons=10box,200cigarettes Order rules: website MOQ:5cartons If…

$27.00

… more info

Newport Menthol Gold 100's box cigarettes

Newport Menthol Gold 100′s box cigarettes

Newport Menthol Gold 100′s box cigarettes 1cartons=10box,200cigarettes Order rules: website…

$29.00

… more info

Newport Menthol Gold box cigarettes

Newport Menthol Gold box cigarettes

Newport Menthol Gold box cigarettes 1cartons=10box,200cigarettes Order rules: website MOQ:5cartons…

$28.00

… more info

Newport Menthol Smooth 100's Cigarettes

Newport Menthol Smooth 100′s Cigarettes

Newport Menthol Smooth 100′s Cigarettes Newport 100′s Smooth Menthol  1 carton = 10 packs; 200…

$28.00

… more info

 

Newport Menthol Smooth Box Cigarettes

Newport Menthol Smooth Box Cigarettes

Newport Menthol Smooth Box Cigarettes Newport Smooth Menthol  1 carton = 10 packs; 200…

$28.00

… more info

Newport Non-Menthol Gold 100's Cigarettes

Newport Non-Menthol Gold 100′s Cigarettes

Newport Non-Menthol Gold 100′s Cigarettes   Newport Non-Menthol Gold 100′s Box 1 carton =…

$24.00

… more info

Newport Non-Menthol Gold King Cigarettes

Newport Non-Menthol Gold King Cigarettes

Newport Non-Menthol Gold King Cigarettes Newport Non-Menthol Gold King  Box 1 carton…

$24.00

… more info

Newport Non-Menthol Red 100's Cigarettes

Newport Non-Menthol Red 100′s Cigarettes

Newport Non-Menthol Red 100′s Cigarettes Newport Non-Menthol Red 100′s Box 1 carton = 10…

$24.00

… more info


Newport Non-Menthol Red Kings Cigarettes

Newport Non-Menthol Red Kings Cigarettes

Newport Non-Menthol Red Kings Cigarettes Newport Non-Menthol Red Kings Box 1 carton = 10…

$24.00

… more info