Imperial Tobacco Group plc (IMT.L,ITYBY.PK) Tuesday posted lower profit for the first half largely reflecting a revenue fall for the period.
For the six months, the firm posted net income of 636 million pounds, down from 836 million pounds a year earlier. On a per share basis earnings for the period were 63.6 pence compared with 82.3 last year.
On an adjusted basis earnings for the period were 90.2 pence, down from 93.1 pence last year.
Revenue for the quarter was 13.376 billion pounds down from 13.962 billion pounds during the same period last year. The company said the overall tobacco net revenue was down 2 per cent, impacted by the difficult trading conditions in the EU, particularly in Spain and in the rest of EU region, and pressures in Russia and the USA.
The company has declared an interim dividend of 35.2 pence per share, payable on August 16, to shareholders on record as of July 19. The ex-dividend date for the interim dividend is July 17.
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