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BRIEF-Imperial Brands confirms on track to meet earnings expectations for half year results
March 30, 2017 / 6:16 AM / in 7 months

BRIEF-Imperial Brands confirms on track to meet earnings expectations for half year results

March 30 (Reuters) - Imperial Brands Plc

* Confirm we are on track to meet earnings expectations for half year results at both constant currency and reported exchange rates

* On track to meet earnings expectations for half year results at both constant currency and reported exchange rates

* Investing an additional £300m in 2017 behind our growth and specialist brands and in key markets

* Early results of our investment programme are encouraging, with improved market share trends

* First half revenues and earnings per share are expected to be up strongly at actual exchange rates

* Expect a currency translation benefit on net revenue and profit of about 13-14%, at current exchange rates

* Our guidance for full year earnings is unchanged

* As expected, phasing of £300m increased investment is biased to first half

* Resulting in lower revenue and profit on a constant currency basis, with a stronger second half performance Source text for Eikon: Further company coverage:

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