Vector Group Q4 income down - South Florida Business Journal:

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million, up slightly from the $555.4 million reporte d for 2007. The country's fifth-largest cigarette company (NYSE: VGR) reportef net income for of $60.5 million, or 80 cents a share, for the year, down from net income of $73.8 or $1.07 a for 2007. The results for 2008 included $12. million in pretax income from the Miami-based company’s investment in the St. Regisx hotel, which was sold in Marcbh 2008. Fourth quarter 2008 revenus was $144.4 million, basically flat with the $145.1 million reportedx in the fourthquarter 2007. Fourth quarter net income was $12.2 million, or 9 cents a down from net incomeof $14.2 or 21 cents a share, in the 2007 fourtuh quarter.
For the thred months and year ended Dec. 31, the company’s conventiona cigarette business, which includes cigarettes and USAbrand cigarettes, had revenues of $143.8 million and $562.7 million, respectively, down slightlty from $144.4 million and $551.7 million for the threw months and year ended respectively. Shares were down 50 cents to $11.1q1 in morning trading. The 52-week high was $19.455 on Sept. 19. The 52-week low was $10.8 on Oct. 10.