Buy
Sell
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
  -13.00 -0.63% 2,057.00 2,057.00 2,058.00 2,071.00 2,049.00 2,066.00 605,464 12:57:36
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Tobacco 32,791.0 3,238.0 299.9 6.9 19,550

Imperial Brands 1st Half Profit Fell on Charges Related to Leaving Russian Market

17/05/2022 7:59am

Dow Jones News


Imperial Brands (LSE:IMB)
Historical Stock Chart


From Dec 2021 to Dec 2022

Click Here for more Imperial Brands Charts.

By Michael Susin

 

Imperial Brands PLC on Tuesday reported a fall in pretax profit for the first half due to charges related to its exit from Russia, and raised its dividend payout.

The FTSE 100 tobacco group--which houses Davidoff, Gauloises and JPS among its brands--made a pretax profit of 1.26 billion pounds ($1.55 billion) for the period ended March 31 down from GBP2.06 billion a year ago. The company said the exit from Russia and associated markets lead to GBP201 million in charges.

Revenue fell to GBP15.36 billion from GBP15.57 billion due to lower excise duty in Europe.

Operating profit, one of the company's preferred metrics, decreased to GBP1.20 billion from GBP1.64 billion the prior year.

The board declared a dividend of 42.54 pence a share up from 42.12 pence a year earlier.

As for fiscal 2022, the company said it is on track to deliver a performance in line with board's guidance.

 

Write to Michael Susin at michael.susin@wsj.com

 

(END) Dow Jones Newswires

May 17, 2022 02:44 ET (06:44 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

1 Year Imperial Brands Chart

1 Year Imperial Brands Chart

1 Month Imperial Brands Chart

1 Month Imperial Brands Chart
Your Recent History
LSE
IMB
Imperial B..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20221209 13:15:43