09.05.2024 08:34:42 - dpa-AFX: JT Group Q1 Profit Rises On Higher Volume
TOKYO (dpa-AFX) - Japanese tobacco company JT Group (JAPAF.PK, JAPAY.PK)
reported Thursday that its first-quarter profit attributable to owners of the
parent company was 157.3 billion yen, an increase of 8.7 percent from last
year's 144.7 billion yen.
Operating profit grew 4.6 percent to 215.8 billion yen. Adjusted operating
profit increased 1.5 percent from last year to 226.7 billion yen.
Revenue increased 11.3 percent to 740.3 billion yen from 665.3 billion yen a
year ago driven by an increase in the tobacco business, as well as positive
currency movements. At constant currency rates, core revenue increased 5.7
percent to 676.7 billion yen.
Total volume grew 2.1 percent from last year to 132.9 billion units. RRP volume
increased 25.2 percent year on year, mainly driven by the HTS segment, which is
the company's investment priority.
Seperately, the company announced the appointment of Takayuki Yamaguchi as
Senior Vice President, President, Pharmaceutical Business, effective from July
1. Yamaguchi succeeds Muneaki Fujimoto, who is resigning from the role as of
June 30.
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