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.