Philip Morris International Inc. Reports a Net Earnings of $2.1 Billion for the First Quarter of 2023

Philip Morris International Inc.(PM), a leading tobacco company, has relea sed its financial results for the first quarter of 2023, showing a net earnings figure of $2.1 billion. The company's revenues, including excise taxes, remained relatively stable at $19.3 billion for the same period.

The financial statements of Philip Morris International Inc. and its subsidiaries were disclosed as unaudited. They provide valuable insights into the company's performance during the first three months of 2023 compared to the same period in the previous year, 2022.

Net Income/Loss

During the first quarter of 2023, Philip Morris International Inc. reported net revenues of $8.0 billion, which includes $873 million from related parties. This figure reflects a slight increase compared to the previous year's first quarter net revenues of $7.7 billion. After accounting for taxes and other expenses, the company achieved net earnings of $2.1 billion, marking a decrease from the net earnings of $2.5 billion recorded in the first quarter of 2022.