BRISTOL (dpa-AFX) - British tobacco company Imperial Brands Plc (IMB.L,
IMBBF.PK, IMBBY.PK) reported Tuesday that its fiscal 2023 profit before tax
climbed to 3.11 billion pounds from last year's 2.55 billion pounds.

Earnings per share grew 52.1 percent to 252.4 pence from 165.9 pence a year ago.

Adjusted profit before tax was 3.48 billion pounds, up from 3.38 billion pounds
last year. Adjusted earnings per share were 278.8 pence, up from 265.2 pence a
year ago.

Reported operating profit grew 26.8 percent and Group adjusted operating profit
grew 3.8 percent, driven by tobacco portfolio and Logista. Excluding Russia,
Group adjusted operating profit grew 3.9 percent.

Total group revenue edged down 0.2 percent to 32.48 billion pounds from last
year's 32.55 billion pounds, reflecting lower excise partially offset by higher
Logista revenue.

Adjusted revenue was 8.01 billion pounds, up 2.8 percent from last year.

Tobacco volumes was down 10.4 percent driven by exit from Russia and weakness in
US mass market cigars. Excluding Russia, tobacco volumes declined 7.1 percent.

Further, the company announced annual dividend per share growth of 4 percent to
146.82 pence per share, in line with progressive dividend policy

Looking ahead, Imperial Brands noted that in the coming year, it expects to
deliver low-single-digit constant currency revenue growth and to grow constant
currency adjusted operating profit close to the middle of its mid-single digit
range.

Performance will be weighted to the second half of the year driven by the
phasing of pricing in the prior year and investments in NGP. As a result,
first-half operating profit is expected to grow at low single digits, at
constant currency.

For more earnings news, earnings calendar, and earnings for stocks, visit
rttnews.com.



Copyright(c) 2023 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX