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Philip Morris Warns of Rising Costs From Global Conflicts

The tobacco giant beat third-quarter profit forecasts but warned that Middle East-related inflation and disruptions in Ukraine are increasing costs and could weigh on operating income, reports Asianlite News Desk. Philip Morris International has warned that global conflicts are increasingly affecting its business, with energy-driven inflation linked to the war in the Middle East raising costs and strikes disrupting its supply chain operations in Ukraine. The Stamford, Connecticut-based tobacco company reported better-than-expected third-quarter sales and profits on Wednesday, supported by strong cigarette demand in markets including Turkey and Indonesia, as well as higher tobacco prices. However, it cautioned that the

22 Oct 2026 10:38 am