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Why Philip Morris’s Net Margin Narrowed in 1Q18

Why Philip Morris’s Net Margin Narrowed in 1Q18

Philip Morris International (PM) had gross, EBIT (earnings before interest, and tax), and net margins of 61.8%, 35.2%, and 22.6%, respectively, in 1Q18, compared with 64.1%, 39.5%, and 26.2%, in 1Q17.