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Article: BAT profit up 16% in 1H 2009, good volume growth in Uzbekistan.(Financial report)
- Article from:
- UzReport
- Article date:
- July 30, 2009
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TASHKENT, July 30 (UzReport.com): British American Tobacco PLC reported on 30 July that its first half profit rose 16% from a year earlier to 1.45 billion pounds (US$2.38 billion) as top brands such as Lucky Strike showed better sales.
Revenue was up 24% to 6.78 billion pounds, a 14% 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%; however, excluding acquisitions volumes declined 2%, mainly due to falling sales in Russia, Ukraine, Japan and Mexico.
The company reported good volume growth in ...