logo
Plus   Neg
Share
Email

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
In a move likely to further inflame global trade tensions, President Donald Trump has threatened to impose a 20 percent tariff on all cars imported to the U.S. from the European Union. Trump claimed he would impose the new tariffs unless the EU removes tariffs and trade barriers placed on the U.S. The Federal Reserve has determined that the largest U.S. banks are strongly capitalized and would be able to lend to banks as well as households during a severe global economic recession. This is the fourth straight year that all banks have met the Federal Reserve's standards. The first round of results of the supervisory stress tests were released by the central bank on Thursday. The "safety" driver behind the wheel of a self-driving Uber was streaming a television show on her smartphone up until about the time of a fatal crash in March, according to a report from the Tempe Police Department. Uber's self-driving Volvo SUV, which was traveling at under 44 miles per hour, had struck and killed a pedestrian in Arizona on March 18.
Follow RTT