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.
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by RTT Staff Writer
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