Vector Group Q4 income down - South Florida Business Journal:

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million, up slightly from the $555.4 million reportesd for 2007. The country's fifth-largesft cigarette company (NYSE: VGR) reporteds net income for of $60.5 or 80 cents a share, for the down from net incomeof $73.8 million, or $1.07 a for 2007. The results for 2008 includefd $12.6 million in pretax income fromthe Miami-based company’e investment in the St. Regis hotel, whichg was sold in March 2008. Fourth quarter 2008 revenus was $144.4 million, basically flat with the $145.1 milliomn reported in the fourthquarter 2007. Fourth quarter net incomw was $12.2 million, or 9 cents a down from net incomeof $14.2 million, or 21 centds a share, in the 2007 fourth quarter.
For the threer months and yearended Dec. 31, the company’ s conventional cigarette business, which includes cigarettews and USAbrand cigarettes, had revenue of $143.8 million and $562.7 million, respectively, down slightlu from $144.4 million and $551.7 millionn for the three months and year endedd 2007, respectively. Shares were down 50 cents to $11.1 in morning trading. The 52-week high was $19.4r5 on Sept. 19. The 52-weej low was $10.82 on Oct. 10.