Where Is Philip Morris Spending Most Of Its Money?
- Tuesday, December 31, 2019, 7:10
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Philip Morris’ (NYSE: PM) total expenses have trended steadily higher from around $67.7 billion in 2016 to about $71.5 billion in 2018. As a percentage of revenues, expenses have remained around 90% during the same period. Company’s expenses are largely driven by excise taxes and cost of sales…
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