PRAGUE (CIA) – In H1 2010, the revenues of Philip Morris CR without excise tax and VAT increased 1% year on year to CZK 5.54 bln. On the other hand, the company’s profit dropped 1.4% year on year to CZK 1.12 bln.

According to the company, its revenues grew thanks to a positive development in prices in the Czech Republic and Slovakia. But the growth in prices was to some extent outweighed by lower sales volumes in the Czech Republic and unfavourable FX developments that cost Philip Morris CR CZK 0.2 bln.