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PMI releases promising results for first half of year, boosted by heated tobacco

Philip Morris International (PMI) has raised its full year outlook after it saw decent numbers over the first half of 2022.

The New York–based tobacco giant reported net revenues up 8.8% – excluding currency and acquisitions – to $15.58bn for the first six months of the year, boosted by higher heated tobacco unit volume, with smoke-free products accounting for 30.5% of total net revenues.

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Antonia Di Lorenzo

Assistant news editor
Antonia is a member of the editorial team and holds a masters degree in Law from the University of Naples Federico II, Italy. She moved in 2013 to London, where she completed a postgraduate course at the London School of Journalism. In the UK, she worked as a news reporter for a financial newswire and a magazine before moving to Barcelona in 2019.

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