Rothmans reports first-quarter loss

Tue Aug 12, 2008 7:23am EDT
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TORONTO (Reuters) - Rothmans Inc ROC.TO which is being bought by Philip Morris International Inc (PM.N: Quote), reported a first-quarter loss on Tuesday, hurt by expenses relating to a police investigation into contraband tobacco trade by a subsidiary.

Rothmans said it lost C$354.4 million ($331 million), or C$5.20 a share, compared to a profit of C$33.8 million, or 49 Canadian cents a share, in the same period a year earlier.

($1=$1.07 Canadian)

(Reporting by Jennifer Kwan; Editing by Bernadette Baum)