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Imperial Tobacco's NZ sales rise 16 percent

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Tue, 21 Feb 2012 2:57p.m.

Profit rose to $21.4 million in the year ended September 30

Profit rose to $21.4 million in the year ended September 30

Imperial Tobacco New Zealand has posted a 16 percent increase in annual sales, generating about $249 million for the Government coffers from duties.

Profit rose to $21.4 million in the year ended September 30, from $16.97 million a year earlier, according to the Wellington-based company's results filed with the Companies Office.

Sales rose to $345 million from $297.8 million.

Growth in sales of tobacco products in New Zealand meant Imperial Tobacco paid 19 percent more in duty than it did a year earlier.

Duty is the biggest cost for tobacco companies, amounting to 72 percent of Imperial Tobacco's revenue in its latest year. The company also paid $9.3 million in tax.

NZN

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Comments

27 Mar 2012 03:34p.m.

Shaun wrote:

@Leigha: "My beef is with people daring to assume that they can BULLY me in to doing anything I do not wish to do. I do not WANT to give up smoking. And that is my choice". Fair enough to the first line. There are still inconsistencies in your stance, however. Are you informed enough to acknowledge you endorse the business practices of the tobacco industry with this quote? How is it consistent with your stated desire to ensure the welfare of your son if the $ you pay still goes into their coffers (coughers) despite the tax on tobacco? Please demonstrate some real understading by not equating the harms with rush hour traffic, processed food, medicines. They do not match, but overlooking tobacco for these makes it more harmful. As for alcohol, you realise attention is being drawn to this? Perhaps the important question is: To what extent are you personally willing to acknowledge you're addicted? You don't have to do it here, (find someone you trust) but if real, you're really undermining your remaining choice each time you light up. This is the confidence trick manufacturers play: Smokers are targeted in the name of 'personal responsibility', (being somewhat more visible than the point of origin) and tend to react to feedback from those around them. It would be hardly conducive to trust these people enough to acknowledge an addiction ("Walk a mile in my shoes"), and the person struggles on. Meanwhile, the manufacturers are able to declare a profit under the deceptive guise of personal choice. You need breath to go "Pfft".

27 Mar 2012 12:46p.m.

Leigha wrote:

@SHAUN: How little you know. Did I say that I smoke in front of my child? hrmmm...bear with me while I read through my previous comment to see where exactly I said that...nope, I didn't. I would never think that ANY big business company gave a poop about ANY of us. That would be delusional...and I am far from delusional. If you would like to walk in my shoes, please, feel free...you wouldn't last a day. We all have our reasons for what we do. Whether it be to drink, smoke, drive fast, jump off mountains and out of planes, it is a personal choice. I would even have to go so far as to say that the hardest hit by drugs also have their reasons...at least in the beginning (I suppose). My beef is with people daring to assume that they can BULLY me in to doing anything I do not wish to do. I do not WANT to give up smoking. And that is my choice. My mum is very anti-smoking. She never touched a cigarette in her life. As a child I didn't know anyone who smoked...and look at me...it wasn't peer pressure, it wasn't an "eff you" to society, or my mum or whoever. I do not "normalise" smoking. I do not like my son being around me or anyone when there is cigarette smoke around. I do not like him watching it. I shield him as much as I can, because, I have never claimed that smoking is good for you...but then, neither is sitting in rush hour traffic, or eating anything in a package or can...or medicines (shall I continue?). Everyone dies from 'something'. I have made my choice. When the time comes, I will decide. That is my lot and I am happy with that. Rightio. Oh and where do you see the cigarette Coy's advertising?? Hmm? What about the glorification of alcohol? That is everywhere. NZ is full of hypocrites...it is really lovely being at the sore end of that stick. Bullies being allowed to get away with it under the guise of what/? Concern? Outrage? pfft.

26 Mar 2012 02:03p.m.

Shaun wrote:

@ Leigha: "I am raising a child to be the best he can be and to make great choices in life". You go girl. If I were a tobacco executive, I would be thinking "Now that's the type of attitude we can exploit to sell our products. There must be many more like her who haven't got a clue that consuming our products is an act of violence. And look: she's got kid too! That will help to normalise smoking in his/her developing mind so we can snare them once they reach their early teens and pass it off as lack of parental responsibility! Marvellous!" If you really want to do the best for your kid, quit. If you don't want to take my word for it (because you're a 'strong' 'independent' woman, then at least try to account for the fact these people don't give a shit about you or your kid.

26 Mar 2012 11:20a.m.

Leigha wrote:

Cont...I work hard and to have your comments implying that I am a second class citizen is offensive. Make sure your nose is squeaky clean before you presume to be on the side of so-called "right". You are not. If you buy alcohol, you are contributing to the biggest drug on the planet. I don't get violent when I have a cigarette; I am not a risk to anyone. If you cannot be a zero risk when driving after consuming a product, then that product is a mind-altering drug and is KNOWN to cause MAJOR issues, health and societal. How can you all honestly sit there, in your tiny minds, in your tiny rooms and vilify smokers when there are WAY WORSE things out there. I have made my choices. I shall live with them. I suggest you do the same and keep your nose out of my business. Go protect kids who are being raped and murdered or something...'cause, you know, that might be a smidge more important...don't you think? Pfft.

26 Mar 2012 11:17a.m.

Leigha wrote:

You are all idiots. The only ones making any money from tobacco sales is the Govt. The "extra" money comes from people going without in other areas. To Mike: wow. that is such a broad generalisation that I take HUGE offence to your comment. Can we just ask the question: What about the effects from alcohol abuse? Hrmm?? There are more DEATHS caused by people consuming alcohol than anything else...even drugs don't compare. But, the policy makers enjoy their glass of high priced wine and beer, and would not want their own lives to be affected, so no one has the guts to take a stand against alcohol abuse now do they? When I have a cigarette and then drive, I am at NO RISK of killing anyone. If I had had 3 or 4 beers, then that risk would be massive. Smoking numbers are not up, it is the cost which people must pay. Ask yourselves this question: Where is the money going to come from if smokers are forced to quit? Where is that 200mil+ going to come from every year? Is that money going into the DHB's into a special account to treat smokers? Because everyone bleats on about the cost to our health system...but how can it be so hard for them if there is 200mil+ floating about to help the DHB's cope? Come on, answer that I guarantee you that if I call my local hospital to see how much is in the account earmarked for my possible future smoking related treatment costs...they would say???? Come on, what would they say? Yep, Nada, Zip, Zero. Smokers pay MASSIVE taxes. Non-smokers would need to pick up the slack if all that cash 'went away'. ASH is a bunch of bullies. And anyone, and I mean anyone, comes up to me and tries to give me an earful about smoking will likely get a thick ear. I don't go telling you how to live your life, do not DARE to presume to vilify me for living mine. I am a law abiding citizen who contributes to society, I have served my country, I am raising a child to be the best he can be and to make great choices in life. I am not a "bludger". TBC...

01 Mar 2012 01:54p.m.

Mike wrote:

This is a clear indication that those smoking have too much money and its too easy to afford to smoke on welfare in NZ.

Raising the price of cigarette wont reduce smoking if there is too much money to afford the habbit. If raised prices and reduced welfare, then money would be tighter, and some would be forced to give up the habbit.

It wouldn't be popular, but if you want to make smoking less popular you need some hard action. The worst numbers smoking are those receiving the most welfare support which tells its own story.

If made smoking illegal, and added fines for smoking? Our courts would make smokers repay at like $1 a week or $1 a year type of repayment for the fines - complete joke as is any fine repayment through our courts.

While cigarettes are cancer causing we have even worse idiots claiming that smoking pot is healthy - smoking any substance is bad for ones health. Even if someone cut their own lawn and rolled that up to smoke - it would be unhealthy!

22 Feb 2012 12:59a.m.

Bob Phillips wrote:

It's funny the Government is going to raise smoking cost each year 10% plus it's six month .50cent's to make people " stop smoking " yet stats just shown here - a heavy smoker doesn't care about the price. So where is the extra money coming from to buy smokes. Why not just make the whole thing illegal and take it of the shelf

21 Feb 2012 03:17p.m.

Longtack wrote:

How wonderful - Sales up 16% and profit up 23% - the perfect product! Aaaaahh - bliss. Now that's what I call a captive market (of drug addicts.) Now if only methamphetamine was legal. Sigh.