Source: WINSTON-SALEM JOURNAL, 7/26/16
Reynolds American Inc. ended its first 12-month reporting period a clear profit winner from its acquisition of Newport, the top-selling U.S. menthol cigarette. Reynolds reported Tuesday a 43 percent increase in adjusted net income to $828 million in the second quarter. Net sales jumped 32.9 percent to $3.19 billion. For more of this story, click here.
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