Reuters logo
Imperial Tobacco results hurt by inventory reductions
May 7, 2014 / 6:25 AM / 3 years ago

Imperial Tobacco results hurt by inventory reductions

LONDON, May 7 (Reuters) - Imperial Tobacco Group posted sharp declines in reported revenue and profit on Wednesday, due to planned inventory reductions in a number of markets.

For the half year to 31 March, revenue fell 5 percent to 12.7 billion pounds ($21.6 billion)on a reported basis with operating profit down 17 percent to 999 million pounds.

$1 = 0.5885 British Pounds Reporting by Martinne Geller in London; Editing by Erica Billingham

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below