Mubasher: Philip Morris International Inc. on Thursday reported a profit rise for the three-month period ended 30 June 2018.

Earnings for the tobacco-maker’s first quarter amounted to $2.20 billion, or $1.41 per share, up from $1.78 billion, or $1.14 per share in the same period of 2017.

Revenues increased to $7.73 billion in the three-month period ended June from $6.92 billion in the year-ago period, a rise from the FactSet consensus of $7.56 billion, the company said in a statement.

Moreover, Philip Morris’ sales for its two units, combustible products and reduced-risk products, both beat the FactSet consensus.

Philip Morris forecast a 2018 earning per share (EPS) of $5.02 to $5.12, which reflects the introduction of new smoke-free devices towards the end of 2018 added to new marketing programmes in Japan.