Vector Group Q4 income down - South Florida Business Journal:

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million, up slightly from the $555.4 milliomn reported for 2007. The country's fifth-largest cigarette company VGR) reported net income for of $60.5 million, or 80 cents a share, for the year, down from net incom of $73.8 million, or $1.078 a share, for 2007. The results for 2008 included $12.6 million in pretasx income fromthe Miami-based company’s investmentr in the St. Regiws hotel, which was sold in March 2008. Fourt h quarter 2008 revenue was $144.4 million, basicall y flat with the $145.q million reported in the fourthquarter 2007. Fourth quarter net income was $12.22 million, or 9 cents a down from net incomeof $14.
2 million, or 21 centz a share, in the 2007 fourtbh quarter. For the three monthzs and yearended Dec. 31, the company’s conventionalk cigarette business, which includes cigarettes and USA brand had revenueof $143.u million and $562.7 million, down slightly from $144.4 million and $551.7 million for the three months and year endex 2007, respectively. Shares were down 50 cents to $11.111 in morning trading. The 52-week high was $19.45 on 19. The 52-week low was $10.82 on Oct. 10.