January 31, 2019 / 2:33 PM / 17 days ago

Altria says Juul sales quintupled to $1 bln in 2018

Jan 31 (Reuters) - Marlboro maker Altria Group Inc said on Thursday its affiliate e-cigarette maker Juul Labs Inc posted $1 billion in revenue in 2018, up from $200 million a year earlier, highlighting the booming growth of the industry.

Altria paid $12.8 billion to acquire a 35 percent stake in Juul in December 2018, getting a foothold in a segment that is quickly becoming an attractive alternative for smokers. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by James Emmanuel)

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