LONDON Feb 28 British American Tobacco
the world's second-biggest cigarette maker, reported a 7 percent
rise in earnings in 2012, broadly in line with market
The maker of Dunhill, Kent, Lucky Strike and Pall Mall
cigarettes reported adjusted earnings per share of 207.5 pence
per share on Thursday.
That compared with a forecast of 206.6 pence, according to
Thomson Reuters I/B/E/S estimates.
The company said operating margin had improved in all its
four operating regions, but overall volume shrank 1.6 percent as
its largest markets contracted.
It said it would buy back 1.5 billion pounds ($2.3
billion)of shares in 2013, following on from a 1.25 billion
pound buyback last year.