logo
Share SHARE
FONT-SIZE Plus   Neg

Imperial Tobacco Sees FY12 Trading In Line With View - Quick Facts

Imperial Tobacco Group Plc (ITYBY.PK,IMT.L) affirmed that the the Group's overall financial position and operational performance for the year to September 30, 2012 is in line with the board's expectations. Following a first quarter impacted by various external factors, the company has delivered strong revenue and profit growth in the second quarter, enhancing its revenue and profit momentum as it enters the second half.

First-half reported tobacco net revenues, at constant currency, are estimated to increase by nearly 3 percent and reported stick equivalent volumes are expected to decline by around 4 percent.

Also, Imperial Tobacco said its performance reflects continued success across its key strategic brands Davidoff, Gauloises Blondes, West and JPS and its luxury Cuban cigar portfolio, complemented by fine cut tobacco gains and further smokeless growth. The company would release its results for the half year ending March 31, 2012 on Tuesday 1 May.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The International Monetary Fund said strong mutual policy action is needed to lift growth, as transition in China and lower commodity prices pose downside risks to global economic outlook. "Risks are tilted to the downside, and a simultaneous realization of some of these risks would imply a much weaker outlook," the lender said in a note prepared ahead of the G-20 finance ministers meeting. Following the sell-off seen in the previous session, stocks showed a strong move back to the upside during trading on Wednesday. The markets benefited from a positive reaction to the latest batch of economic news. Frontier Airlines has crashed its own website after offering $1 fares from select U.S. markets.
comments powered by Disqus
Follow RTT