britishamericantobacco
British American Tobacco PLC (LON:BATS)’s half-year results have come in a little above market expectations. Revenues were up by 3.7%, driven by growth in New Categories of 45%. Underlying operating profits of £5,645m were 4.9% ahead of the prior year and the group generated £3,221m of cash during the period. The stock edged 1% higher in early markets. Q2 2022 hedge fund letters, conferences and more British American Tobacco's EarningsSteve Clayton, fund manager at HL Select: “These results show a solid performance from BAT, with New Categories of potentially reduced risk products now contribu...
ValueWalk
British American Tobacco (LON:BATS) issued a half-year update today, raising revenue guidance for the year to an underlying rate of over 5%.BATS highlighted solid underlying progress, with accelerated growth in its New Generation Products (NGP) division and a robust performance from traditional tobacco products.Currency movements threaten to outweigh the Group’s progress at the reported level, if rates remain at current levels.The market focused on the underlying progress, lifting the shares by 1% in early trade.Q1 2021 hedge fund letters, conferences and more Commenting on the statement, Stev...
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