September 26, 2019 / 6:31 AM / 24 days ago

Imperial flags hit to annual profit from U.S. vaping backlash

Sept 26 (Reuters) - British tobacco company Imperial Brands Plc on Thursday said it now expects full-year profit to be flat compared to last year in the face of a regulatory backlash against vaping in the United States that could reshape the industry.

The company now expects annual revenue to grow around 2% at constant currency rates, with its “next generation products” unit which focuses on e-cigarettes, seen growing below its expectations.

Reporting by Pushkala Aripaka in Bengaluru; Editing by Bernard Orr

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