Altria Group ranks No. 62 on FORTUNE's 2006 Global 500

(Fortune) -- Altria Group (Charts) ranks no. 62 on FORTUNE's Global 500 this year, with $69.1 billion in revenues, up 7.3% from the previous year. The New York, New York-based company was ranked no. 50 on the 2005 list. Its 2005 profits were $10.4 billion, up 10.8% from a year earlier. 2005 was a banner year for most Global 500 companies.

It took $13.7 billion in revenue just to make this year's list - up from $12.4 billion last year. And profits for the 500 companies jumped 30%. Total revenues for the Global 500 in 2006 add up to $18.9 trillion, a third of the world's GDP. In the Tobacco industry, profits were up 49.7% from the previous year.

The world's biggest companies in the sector are: Japan Tobacco Inc., ranked no. 365 on the Global 500 with $17.7 billion in revenues; and British American Tobacco p.l.c. (Charts), ranked no. 390 on the Global 500 with $16.9 billion in revenues; and Altadis (Charts), ranked no. 429 on the Global 500 with $15.8 billion in revenues.

The Global 500 list is an annual ranking of the world's largest corporations by revenues.

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