Imperial Tobacco says net profits rise 34%
Britain's Imperial Tobacco, maker of Lambert & Butler and Gauloises cigarettes, announced on Tuesday that net profits rose 34 percent to £926 million (1.1 billion euros, $1.5 billion) in its first half.
Imperial said profit after tax for the six months to March 31 compared with net earnings of £689 million during the group's first half in 2009/10.
"I'm pleased with how we are driving sales growth through our total tobacco portfolio across our international markets," Imperial Tobacco chief executive Alison Cooper said in the company's earnings statement.
"We've delivered good first half results with tobacco net revenues up three percent, earnings per share up seven percent and dividends increasing by 16 percent," she added.
© 2011 AFP