May 19, 2020 / 6:15 AM / 14 days ago

Imperial Brands says COVID-19 impact to be more pronounced in second half

May 19 (Reuters) - Tobacco group Imperial Brands reported slightly lower-than-expected first half revenue on Tuesday and said the impact from the COVID-19 pandemic would be more pronounced in the second half of the year.

The maker of Winston and Gauloises cigarettes also said it would rebase its dividend by a third as it seeks to save cash during the pandemic, whose impact will be a low-single-digit hit to earnings per share for the full year.

Reporting by Siddharth Cavale in Bengaluru; Editing by Bernard Orr

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