Feb 23 British American Tobacco, the
second-largest international tobacco company, reported a slight
increase in full-year cigarette and tobacco sales volumes on
The maker of Dunhill and Lucky Strike cigarettes said
cigarette volume grew 0.2 percent to 665 billion in 2016, adding
that although it fell 0.8 percent on an organic basis as more
people around the world cut back on smoking, it outperformed the
industry which estimated an about 3 percent decline.
Revenue grew 12.6 percent to 14.751 billion pounds ($18.35
billion), helped by the weakness of the British pound. Organic
revenue was up 6.9 percent, driven by good pricing.
BAT is preparing to buy its U.S. peer Reynolds American Inc
for $49.4 billion, a takeover that will create the
world's biggest listed tobacco company.
($1 = 0.8037 pounds)
(Reporting by Esha Vaish in Bengaluru and Martinne Geller in
London. Editing by Jane Merriman)