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BATS British American Tobacco Plc

2,406.00
19.00 (0.80%)
08 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
British American Tobacco Plc LSE:BATS London Ordinary Share GB0002875804 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  19.00 0.80% 2,406.00 2,404.00 2,405.00 2,409.00 2,385.00 2,397.00 4,619,208 16:35:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cigarettes 27.72B -14.37B -6.4241 -3.74 53.76B

British American Tobacco: U.S. Tax Reform Will Boost 2018 EPS by 6%

09/01/2018 7:46am

Dow Jones News


British American Tobacco (LSE:BATS)
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From May 2019 to May 2024

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By Carlo Martuscelli

 

British American Tobacco PLC (BATS.LN) said Tuesday that it expects the recently passed U.S. Tax Cuts and Jobs Act will lead to a 6% increase in its 2018 earnings per share.

The multinational tobacco group said that while the tax reform will have no impact on its underlying effective tax rate for 2017, it will reduce its 2018 effective tax-rate percentage to the "high-twenties."

It said it expects the changes will result in a one-time non-cash tax credit derived from the revaluation of deferred tax related to the acquisition of Reynolds American Inc.

 

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

 

(END) Dow Jones Newswires

January 09, 2018 02:31 ET (07:31 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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