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IMB Imperial Brands Plc

1,814.00
8.50 (0.47%)
Last Updated: 10:41:13
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
  8.50 0.47% 1,814.00 1,813.50 1,814.50 1,820.00 1,809.00 1,809.00 173,640 10:41:13
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cigarettes 32.48B 2.33B 2.6392 6.88 16.01B

Imperial Brands 1st Half Profit Soared Amid Pandemic

18/05/2021 7:50am

Dow Jones News


Imperial Brands (LSE:IMB)
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From Apr 2021 to Apr 2024

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By Matteo Castia

 

Imperial Brands PLC reported Tuesday a sharp rise in pretax profit for the first half of fiscal 2021, boosted by rising revenue from changing consumer habits amid the coronavirus pandemic.

The tobacco group --which houses Davidoff, Gauloises and JPS among its brands-- made a pretax profit of 2.06 billion pounds ($2.91 billion) for the six months ended March 31, compared with GBP785 million in the year-earlier period.

Revenue rose to GBP15.57 billion from GBP14.67 billion a year earlier.

Operating profit, one of the company's preferred metrics, jumped to GBP1.64 billion from GBP925 million the prior year, driven primarily by profit on disposal of the Premium Cigar Division worth GBP281 million and a reduction in amortization and impairment of acquired intangibles worth GBP225 million, the FTSE 100 company said.

The board declared an interim dividend of 42.12 pence, a 1% increase on the year in line with the group's progressive dividend policy.

 

Write to Matteo Castia at matteo.castia@dowjones.com

 

(END) Dow Jones Newswires

May 18, 2021 02:35 ET (06:35 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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