Categories
· International
· Business (Tobacco)
Organizations
· BAT
|
(Adds comment from management and an analyst.)
Jump to full article: Dow Jones via Nasdaq, 2008-05-07
Author: Michael Carolan Of DOW JONES NEWSWIRES
Intro: British American Tobacco PLC (BTI) Wednesday unveiled better-than-expected first-quarter results, citing better pricing and favorable exchange rates.
The London-based maker of Lucky Strike, Kent, Dunhill and Pall Mall cigarettes, said that net profit rose to GBP599 million in the three months to March 31, from GBP495 million a year earlier.
Sales were up 14% at GBP2.54 billion, while operating profit - the key figure U.K. analysts and investors track - rose 18% to GBP807 million in the first quarter.
Analysts had predicted a 13% first-quarter rise in average operating profit to GBP782 million from GBP692 million a year earlier.
Jump to full article » |