Imperial Tobacco swings to first-half profit
Categories:
· Business
International:
· Europe
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Source:http://www.marketwatch.com/,2010-04-26
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Imperial Tobacco swung to a profit of 974 million pounds ($1.5 billion) in six months ended March 31, against a loss of 184 million pounds, the company reported Tuesday. The company earned 68 pence a share and 67.8 pence on a diluted basis, against 14.7 pence. Revenue rose 8% to 13.37 billion pounds, against 12.42 billion pounds in the year-ago period. Cigarette volumes fell 3.7%, hit by weakness in the U.S., Spain and Russia, but the group noted improvement in the second quarter. The company noted strong sales of global cigarette brands -- Davidoff, Gauloises Blondes and West -- with particularly good results in Africa, the Middle East and Central Europe. The group expects cigarette volumes to be stable against the second half of 2009, with a slight fall overall for the current financial year. The group declared an interim dividend of 24.3 pence per share, against 21 pence in 2009. |
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Tobacco Hot news and Information...
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Tobacco firm to auction 5.5-acre Marol plot
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Source: http://www.hindustantimes.com/,2010-09-07 |
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One of the prime properties at Marol in Andheri, owned by Golden Tobacco Limited (GTL), has been put on the block for sale. The company will conduct an auction for its 5.5 acre plot on Tuesday. The reserve price for the plot has been fixed at Rs 50 crore by the company and they have taken a
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KT&G Joins With Imperial Tobacco Group
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Source: http://www.koreatimes.co.kr/,2010-09-03 |
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KT&G, South Korea's foremost tobacco company, sealed a partnership with Imperial Tobacco Group under which the former will manufacture products for the latter this year.
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Our very own Tobacco Road
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Source: http://www.southtownstar.com/,2010-05-20 |
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What do you get when local legislators can't get anything meaningful done but really want to show the folks at home they are working hard?
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