Altria Group Inc
Stock Symbol: MO
120 Park Avenue
Altria Group Inc Industry:
Altria Group Inc Description:
Altria Group, Inc., through its wholly owned subsidiaries, Philip Morris USA Inc. (PMUSA) and Philip Morris International Inc. (PMI), and its majority-owned subsidiary, Kraft Foods Inc., is engaged in the manufacture and sale of various consumer products, including cigarettes and foods and beverages. PMUSA is engaged in the manufacture and sale of cigarettes in the United States and its territories. PMI is a holding company whose subsidiaries and affiliates and their licensees are engaged primarily in the manufacture and sale of tobacco products internationally. Kraft is engaged in the manufacture and sale of branded foods and beverages in the United States, Canada, Europe, the Middle East and Africa, Latin America and Asia Pacific. Kraft conducts its global business through its subsidiaries, Kraft Foods North America, Inc. and Kraft Foods International, Inc. Philip Morris Capital Corporation, another wholly owned subsidiary of Altria, is primarily engaged in leasing activities.
Altria Group Inc Financial Summary:
For the nine months ended 30 September 2005, Altria Group, Inc.'s revenue increased 9% to $73.36B. Net Income from continuing operations increased 13% to $8.38B. Revenue reflects strong results in the tobacco businesses, strong income growth from Philip Morris USA supplemented by the Sampoerna acquisition. Net income also reflects gain on sale of businesses, domestic tobacco quota buy-out, lower general corporate expenses and favourable currency.
Altria Group Inc Business Summary:
Altria Group, Inc. (ALG), through its subsidiaries, Philip Morris USA Inc. (PM USA), Philip Morris International Inc. (PMI) and Kraft Foods Inc. (Kraft), is engaged in the manufacture and sale of cigarettes, tobacco products, branded foods and beverages. PM USA and PMI are engaged in the manufacture and sale of cigarettes in the United States and internationally, respectively. Kraft is engaged in the manufacture and sale of branded foods and beverages in the United States, Canada, Europe, the Middle East and Africa, Latin America and Asia Pacific. Kraft manages two units, Kraft North America Commercial (KNAC) and Kraft International Commercial (KIC). The Company operates in five business segments, such as Domestic tobacco, International tobacco, North American food, International food and Financial services, which accounted for 27.7%, 41.2%, 24.3%, 5.9% and 0.9%, respectively, of the Company's income during the year ended December 31, 2004.