“2011 was an outstanding year for PMI. Our cigarette volume grew by 1.7%
to 915 billion units. Net revenues increased by 14.3% to
“We are steadfastly committed to using our significant cash to enhance shareholder returns.”
“During 2011, we outperformed every single company that makes up the Dow 30, both in terms of share price and total shareholder returns,” continued Mr. Camilleri.
Mr. Camilleri also paid tribute to
More than 87% of the shares entitled to vote were represented at the
meeting in person or by proxy. The twelve nominees for director named in
the proxy statement were elected; the selection of
An archived copy of the audio webcast of PMI’s Annual Meeting of
Stockholders is available until
For reconciliations of PMI’s operating companies income to operating income, and net revenues, excluding excise taxes, to reported net revenues, refer to Schedule 5 and Schedule 14, respectively, of the 2011 full-year earnings release.
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