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$28 billion pounds in last 12-month revenue Gross margins are really high at ~80% 35% free cash flow margin Moving to the recent H1 Report: Total revenue was up 4.4% (they are helped by FX, it was 2.6% in constant currency) Combustibles revenue was up 2% on 6% volume declines New Category revenue was up 29% (vapour volumes were the weakest) Traditional oral revenue was down 9% on sharp volume declines

5 , 6 Nevertheless, at the time, the presidents of World Candies and New England Confectionery denied that their companies made products that could be considered candy cigarettes

Marlboro Reds If, for some weird reason, you think having fewer cigarettes may actually be better for your health and longevity then, dont worry

Shota Hiraga He is the grandson of Raizo Hiraga and the son of Hanae Hiraga