BrandKoruna

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Brand Koruna

The Czech government and press and anti-smoking groups worldwide reacted in outrage. But Czech smokers are still puffing, and that means good business for Philip Morris. The company, the world's largest cigarette maker, controls 80 percent of the Czech market and posted a profit of 3.2 billion koruna ($82 million) on sales of 12.3 billion koruna ($316 million) in 2000, making it one of the Czech Republic's most profitable companies, with a net margin of 26.2 percent.

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