煙草在線據(jù)路透社報道編譯　　在2011年的利潤取得增長之后，3月27日，捷克卷煙制造商菲莫捷克公司選擇不像去年那樣，將保留收益支付出去，而是提議降低股息。

　　菲莫捷克公司在股東大會的邀請函中說，由菲莫國際公司持有大多數(shù)股權的菲莫捷克公司提議，根據(jù)2011年的利潤，支付每股920克朗（49.93美元）的總股息。

　　去年，菲莫捷克公司從利潤和保留收益中支付了每股1260克朗的股息。它在去年5月說，它不可能重復這種做法，會恢復到更“正?！钡墓上⒅Ц斗绞?#xff0c;根據(jù)這種方式，把幾乎所有利潤作為股息支付給股東。

　　公司的合并凈利潤從2010年的23.9億克朗增長到了25.4億克朗（1.3784億美元）。

　　在出口增長13%的幫助下，公司的總收入增長6.6%，達到121.6億克朗，而菲莫捷克公司在其中開展經營活動的捷克斯洛伐克市場，裝運量卻出現(xiàn)了下滑。

　　董事會主席Andras Tovisi說：“盡管我們的財務業(yè)績得到了改善，但我們的卷煙裝運量在捷克與斯洛伐克共和國卻仍然受到壓力，反映了當?shù)貍鹘y(tǒng)的低價品牌的份額持續(xù)下降，以及消費者轉向更便宜的煙草產品?！?/p>

　　菲莫捷克公司的主要市場捷克共和國正面臨著今年經濟不景氣，以及政府的進一步緊縮政策，這個緊縮政策使得消費者轉向更便宜的品牌。

　　煙草產品消費稅1月份上提，在2014年計劃再次上提。媒體在星期一報道，財政部正在考慮在明年小幅提稅，以減弱計劃在2014年進行的提稅的影響。

　　菲莫捷克公司的股票在過去一年里一路上漲，漲幅達22%，表現(xiàn)大大優(yōu)于布拉格主要指數(shù)下跌20%的結果。（1美元=18.4268捷克克朗）

Czech Philip Morris cuts div as 2011 profit rises

Reuters
Mar 27, 2012

　　Czech cigarette maker Philip Morris CR's proposed a lower dividend on Tuesday after a rise in 2011 profit, opting against paying out retained earnings as it did last year.

　　The group, majority owned by Philip Morris International , proposed a gross dividend of 920 crowns ($49.93) per share on 2011 profit, it said in an invitation to its annual general meeting.

　　Last year, Philip Morris CR paid a 1,260 crown per share dividend from profits and retained earnings. It had said in May last year it would not likely repeat the step, returning to a more "normal" payout where nearly all profit goes to a dividend.

　　Consolidated net profit rose to 2.54 billion crowns ($137.84 million) last year from 2.39 billion in 2010.

　　Revenue rose 6.6 percent to 12.16 billion, helped by a 13 percent rise in exports while shipments declined in the Czech and Slovak markets where it operates.

　　"Despite the improvement of our financial results, our cigarette shipment volume remained under pressure both in the Czech Republic and Slovakia, reflecting continued share declines for lower-priced local heritage brands and down-trading to cheaper tobacco products," Chairman Andras Tovisi said.

　　The Czech Republic, the company's main market, is facing a stagnant economy this year and further government austerity that has pushed consumers into cheaper brands.

　　The excise tax on tobacco products rose in January and is due to increase again in 2014. Media reported on Monday that the Finance Ministry is considering a slight tax rise next year to soften the impact of the expected increase in 2014.

　　Shares in Philip Morris CR have held up over the last year, rising 22 percent and well outperforming a 20 percent drop in Prague's main index. ($1 = 18.4268 Czech crowns)