Through these channels we are able to enhance international cross-border cooperation through the sharing of information and contributions to joint operations. We will supplement this through political lobbying to persuade our international partners to take fully effective action against tobacco smugglers and illicit tobacco manufacturers marlboro cigarettes.
A substantial charge taken to reflect lower trademark values for some nongrowth cigarette and smokeless brands contributed to Reynolds American Inc. posting just $8 million in net income for the first quarter today.The trademark impairment charge of $453 million, which the company said was noncash, contributed to a $285 million decline in net income newport cigarettes wholesale.
“As a result, there were significant reductions in wholesale and retail inventories, and that caused higher-than-usual industry volume declines,” Ivey said. “The tax increases, as well as pricing changes, also triggered trademark valuations that resulted in impairment charges on some of our companies’ non-growth brands newports cigarettes wholesale.