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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 | |
---|---|---|---|---|---|---|---|---|
0.17 | 0.57% | 29.98 | 35,915 | 13:56:15 |
By Debiprasad Nayak
MUMBAI--ITC Ltd., India's largest cigarette maker, reported a 10.1% rise in its fiscal first-quarter net profit on higher revenue from its cigarette and agricultural product businesses.
ITC, 30% owned by British American Tobacco PLC, said its net profit in the three months ended June 30 increased to 23.85 billion rupees ($355 million), compared with 21.66 billion rupees a year earlier.
Its revenue rose 8.3% to 131.57 billion rupees.
ITC briefly paused cigarette production in April to protest against a new rule that requires larger and more graphic health warnings on tobacco packages. The company eventually complied with the requirements, but is still challenging them in court.
Write to Debiprasad Nayak at debi.nayak@wsj.com
(END) Dow Jones Newswires
July 21, 2016 08:47 ET (12:47 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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