LONDON May 3 British tobacco company Imperial
Brands reported lower half-year revenue and profit on
Wednesday, excluding a benefit from the weak pound, as it was
hurt by an industry slowdown and an investment programme.
The maker of cigarette brands including Gauloises, Winston
and Kool said it was on track to meet its full-year earnings
expectations at constant exchange rates.
Imperial said net revenue in its tobacco business was 3.7
billion pounds ($4.8 bln), up 9.3 percent. However, excluding
the impact of exchange rates, revenue fell 5.5 percent.
Total adjusted operating profit was 1.7 billion pounds, up
6.3 percent. Excluding the impact of exchange rates, it was down
($1 = 0.7756 pounds)
(Reporting by Martinne Geller; Editing by Susan Fenton)