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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| British American Tobacco PLC | NYSE:BTI | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.19 | -0.46% | 41.00 | 41.22 | 40.92 | 41.13 | 2,816,242 | 00:00:00 |
From Mar 2020 to Mar 2025
By Saabira Chaudhuri
LONDON--British American Tobacco PLC (BATS.LN) reported a rise in first-half profit as the cigarette-maker was helped by investments, even as revenue slid.
The maker of Dunhill and Lucky Strike posted a net profit of 2.65 billion pounds ($4.13 billion) in the six months to June 30, compared with GBP1.75 billion a year earlier, helped by higher finance income and profits from associates and joint ventures.
Revenue fell 5.9% to GBP6.4 billion, but was 2.4% higher at constant exchange rates.
BAT said its results were impacted by volatile currency and strong volume a year earlier, but its chairman, Richard Burrows, said the company "is on course to deliver an improved second half."
BAT's cigarette volume fell 2.9% to 322 billion sticks, a deterioration from the 0.4% decline last year. The tobacco industry has faced a decades-long decline in volume.
Write to Saabira Chaudhuri at saabira.chaudhuri@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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