LONDON, May 9 (Reuters) - Tobacco company Imperial Brands reported lower first-half sales and profits on Wednesday, hurt by a tough pricing environment and overall market declines, but results were slightly ahead of estimates.
The maker of Kool, Winston and Gauloises cigarettes said first-half revenue 3.53 billion pounds ($4.77 billion), slightly ahead of analysts’ consensus estimate of 3.50 billion, according to a company-supplied consensus.
Adjusted operating profit was 1.62 billion pounds, ahead of analysts’ estimates for 1.52 billion pounds.
Earnings per share were 114.3 pence.
$1 = 0.7394 pounds Reporting by Martinne Geller; editing by Jason Neely