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British American Tobacco issues updates

Published 12/13/2017, 07:17 AM
© Reuters.  British American Tobacco issues updates
BATS
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BTI
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  • British American Tobacoo (NYSEMKT:BTI) provides an update to investors.
  • The company says the tobacco business continues to perform well and is trading is in line with expectations.
  • BTI outlook: "Second half organic volume is expected to benefit from the phasing of shipments in a number of key markets, including Pakistan, partly offset by the impact of the significant excise increase in the GCC. We anticipate full year industry volume to be down around 4%, with BAT again outperforming the industry, driven by continued good share growth."
  • On profitability, the tobacco player says it expects full-year EPS to benefit from a reduced currency translation tailwind of 5%.
  • British American Tobacco (LON:BATS) trading update (.pdf)
  • Shares of BTI are down 0.56% in London trading.
  • Now read: Retirement Income: Altria Or British American Tobacco?


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