Earnings up at Donskoi Tabak

Russian cigarette maker Donskoi Tabak on Nov. 20 reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of RUR1.86 billion ($ 59.3 million) in January-September 2012, up 26 percent from a year ago, reports Prima-Tass.

Net revenue jumped 71 percent year-year to RUR19.7 billion, volumes rose 2 percent to 23.5 billion cigarettes, and the company’s average cigarette price increased 16 percent to RUR25.60 rubles per pack following an excise tax hike.

In January-September 2012, Donskoi Tabak’s cigarette output, at 23.5 billion pieces, was flat compared with the same period in 2011. The company exported 4.4 billion cigarettes worth $34.8 million in the nine-month period, up 8 percent from like 2011.