British American Tobacco H1 Profit Down On Slightly Lower Revenues

British American Tobacco plc. (BATS.L,BTI) reported Wednesday that its first-half profit before taxation was 4.38 billion pounds, down from 4.59 billion pounds last year.

Earnings per share were 141.6 pence, lower than last year's 150.7 pence.

Adjusted earnings per share were 154.2 pence, compared to 157.8 pence a year ago.

Revenue for the first half declined 0.8 percent to 12.18 billion pounds from 12.27 billion pounds a year ago. Revenue went up 8.1% at constant currency rates, led by New Category growth and a partial recovery from prior-year COVID-19 impacts.

Looking ahead, Jack Bowles, Chief Executive, said, "Our rapid growth in New Categories is driving significant scale benefits and 2021 is shaping up to be a pivotal year in our journey towards A Better Tomorrow. Our focus on New Categories growth and business sustainability puts ESG at the core of our strategy. There is great momentum across the business and we are well on track to meet our targets of £5bn of New Category revenue by 2025 and 50m non-combustible product consumers by 2030."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ontario, Canada-based Erie Meat Products Ltd. is recalling approximately 1,224 pounds of fully cooked chicken bologna products, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The chicken bologna products were imported and distributed into the United States without the benefit of FSIS import reinspection. The U. S. Food and Drug Administration or FDA has issued a public health alert against Fulvic Care Powder and Tablets from Ontario, Canada -based Black Oxygen Organics due to elevated levels of lead and arsenic. The agency advised consumers not to use Fulvic Care Powder and Tablets from Black Oxygen or give the products to pets due to elevated levels of lead and arsenic. Alexander & Hornung, a business unit of Perdue Premium Meat Co., Inc., is recalling around 234,391 pounds of fully cooked pork products citing possible contamination with Listeria monocytogenes, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recall involves ham and pepperoni products that come under various brands and produced on various dates.
Follow RTT