Imperial Brands posts strong first-half earnings
The dividend was lifted by 1% to 42.12p a share
Stocks impacted: Imperial Brands (IMB)
The global cigarette manufacturer said revenue was at 15.5 billion pounds - up 3.5% for the first half of the year. The increase in net revenue was driven by tobacco growth of 3.2% and next-generation products. The firm posted an operating profit of 1,6 billion pounds. At that, adjusted operating income in the tobacco segment fell 3.4% at constant currency to 56 million pounds. The dividend was lifted by 1% to 42.12p a share. Imperial kept its full-year forecast intact, which calls for low- to mid-single-digit organic adjusted operating profit growth at constant currency. The company's stocks rose over 1% following the release.
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