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Article: British American Tobacco H1 profit up 16 pct
- Article from:
- AP Online
- Article date:
- July 30, 2009
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British American Tobacco PLC reported Thursday that its first half profit rose 16 percent from a year earlier to 1.45 billion pounds ($2.38 billion) as top brands such as Lucky Strike showed better sales.
Revenue was up 24 percent to 6.78 billion pounds, a 14 percent gain on a constant currency basis, boosted by last year's acquisitions of Skandinavisk Tobakscompagni of Denmark and Tekel of Turkey.
Group volumes rose 5 per cent; however, excluding acquisitions volumes declined 2 percent, mainly due to falling sales in Russia, Ukraine, Japan and Mexico.
The company reported good volume growth in Pakistan, ...