Imperial Brands Sees 1st Half Adjusted Operating Profit Up 2%
06 April 2022 - 4:48PM
Dow Jones News
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)
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