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IMB Imperial Brands Plc

1,774.00
25.50 (1.46%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Imperial Brands Plc LSE:IMB London Ordinary Share GB0004544929 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  25.50 1.46% 1,774.00 1,772.50 1,773.50 1,774.00 1,750.00 1,750.50 2,049,938 16:35:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cigarettes 32.48B 2.33B 2.6392 6.72 15.64B

Imperial Brands Fiscal Year Net Profit Falls, Plans More Investment

08/11/2016 7:51am

Dow Jones News


Imperial Brands (LSE:IMB)
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By Rory Gallivan

 

LONDON--U.K. tobacco company Imperial Brands PLC (IMB.LN) Tuesday reported a fall in full year net profit as duty and other costs rose, but increased its dividend and announced a new investment plan to raise revenue.

The maker of Gauloises cigarettes and Rizla rolling paper said net profit for the year ended September 30 fell to 631 million pounds ($784.6 million), down from GBP1.7 billion the previous year on revenue of GBP27.63 billion compared with GBP25.29 billion a year earlier.

The full-year dividend rises 10.1% to 155.2 pence.

Imperial announced an investment plan to support medium-term revenue growth, which will be accompanied by the company targeting cost savings of GBP300 million a year by 2020, at a cost of GBP750 million.

 

Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

 

(END) Dow Jones Newswires

November 08, 2016 02:36 ET (07:36 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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