STOCKHOLM (Reuters) – Swedish Match, which is being bought by Philip Morris International Inc in a $16 billion deal, on Friday reported second-quarter operating profit just above market expectations aided by growth in the United States.
Operating profit rose to 2.23 billion Swedish crowns ($22.47 million) from 1.96 billion a year earlier. Analysts polled by Refinitiv had an average forecast a profit of 2.19 billion crowns.
($1 = 10.2370 Swedish crowns)
(Reporting by Supantha Mukherjee in Stockholm; editing by Niklas Pollard)
