By Rory Gallivan

LONDON--U.K. tobacco company Imperial Brands PLC (IMB.LN) Tuesday reported a fall in full year net profit as duty and other costs rose, but increased its dividend and announced a new investment plan to raise revenue.

The maker of Gauloises cigarettes and Rizla rolling paper said net profit for the year ended September 30 fell to 631 million pounds ($784.6 million), down from GBP1.7 billion the previous year on revenue of GBP27.63 billion compared with GBP25.29 billion a year earlier.

The full-year dividend rises 10.1% to 155.2 pence.

Imperial announced an investment plan to support medium-term revenue growth, which will be accompanied by the company targeting cost savings of GBP300 million a year by 2020, at a cost of GBP750 million.

Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

(END) Dow Jones Newswires

November 08, 2016 02:36 ET (07:36 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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