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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
  -1.00 -0.05% 2,108.00 2,100.00 2,102.00 2,116.00 2,099.00 2,114.00 2,227,282 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Tobacco 32,791.0 3,238.0 299.9 7.0 20,035

Imperial Brands Sees 1st Half Adjusted Operating Profit Up 2%

06/04/2022 7:48am

Dow Jones News


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By Jaime Llinares Taboada

 

Imperial Brands PLC said Wednesday that its adjusted operating profit is expected to grow by around 2% on a constant currency basis in the first half of the fiscal year, and reaffirmed recently provided full-year guidance.

The tobacco group said profitability for the half ended March 31 benefited primarily from reduced losses in next generation products. In addition, net revenue for the six-month period is expected to be broadly flat, in line with expectations, reflecting a weaker tobacco performance in Europe which was offset by growth elsewhere.

Imperial Brands said it remains on track to deliver full-year results in line with guidance issued on March 15, with net revenue growth of 0%-1% on a constant currency basis and adjusted operating profit growth of around 1%.

The company said it remains in talks with a local third party for the transfer of its assets and operations in Russia.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

April 06, 2022 02:33 ET (06:33 GMT)

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

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