Imperial Brands PLC Expects Increase in Profit Due to Disposable Sales Growth

Business by 2FIRSTS.ai
Apr.09.2024
Imperial Brands PLC Expects Increase in Profit Due to Disposable Sales Growth
Imperial Brands PLC expects profit increase in first half of year due to strong tobacco pricing and e-cigarette sales rise.

According to a report by Reuters on April 9, Imperial Brands PLC announced on Tuesday that its profit for the first half of the year is expected to increase due to strong tobacco pricing and growth in sales of disposable e-cigarettes and other products. The company is anticipating meeting its expected full-year revenue growth.

 

The company stated last year that it would increase prices in its key markets to offset the impact of declining sales, while also facing regulatory pressures such as the UK ban on selling cigarettes to young people.

 

Looking at the whole year ahead, net income for next generation products (NGP) such as tobacco and e-cigarettes is expected to grow at a lower single-digit percentage rate based on constant currency.

 

According to estimated data provided by the company, analysts expect Imperial Tobacco's total tobacco and NGP revenue to reach approximately £8.1 billion ($10.26 billion).

 

Notice

1. This article is provided exclusively for professional research purposes related to industry, technology and policy. Any reference to brands or products is made solely for the purpose of objective description and does not constitute an endorsement, recommendation, or promotion of any brand or product.

2. The use of nicotine products, including but not limited to cigarettes, e-cigarettes, and heated tobacco products, is associated with significant health risks. Users are required to comply with all relevant laws and regulations in their respective jurisdictions.

3. This article is strictly restricted from being accessed or viewed by individuals under the legal age.

Copyright

This article is either an original work by 2Firsts or a reproduction from third-party sources with the original source clearly indicated. The copyright and usage rights of this article belong to 2Firsts or the original source. Unauthorized reproduction, distribution, or any other unauthorized use of this article by any entity or individual is strictly prohibited. Violators will be held legally responsible. For copyright-related matters, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have utilized AI to enhance translation and editing efficiency. However, due to technical limitations, errors may occur. Readers are advised to refer to the sources provided for more accurate information.

This article should not be used as a basis for any investment decisions or advice, and 2Firsts assumes no direct or indirect liability for any errors in the content.

Malaysian PAS Youth Committee Urges Ban on E-cigarette Sales
Malaysian PAS Youth Committee Urges Ban on E-cigarette Sales
The Youth Wing of Malaysia’s Pahang state Islamic Party (PAS) has urged the state government to legislate a ban on the sale and use of e-cigarettes to protect youth from nicotine addiction. The committee's chairman called on the government to follow the example of other states in restricting e-cigarette sales to minors.
May.16 by 2FIRSTS.ai
Iowa's PMTA Registration Bill Suspended: Judge Rules It Violates Federal Preemption
Iowa's PMTA Registration Bill Suspended: Judge Rules It Violates Federal Preemption
A judge in Iowa has ruled to suspend the state's PMTA registration bill (HF 2677) targeting e-cigarette products. The court found that the bill violates the federal preemption clause in the U.S. Constitution, interfering with the exclusive regulatory authority of the FDA. The bill has been put on hold pending further judicial review.
May.06 by 2FIRSTS.ai
Celebrating a Decade: Vapouround Global Awards Held in Dubai, 2Firsts Invited for On-Site Coverage
Celebrating a Decade: Vapouround Global Awards Held in Dubai, 2Firsts Invited for On-Site Coverage
The Vapouround 10th Anniversary Global Awards Ceremony was grandly held in Dubai, bringing together brand representatives, industry experts, and opinion leaders from around the world. Multiple major awards were announced on-site to celebrate a decade of industry achievements. 2Firsts was invited to attend and provide on-site coverage.
Jun.19 by 2FIRSTS.ai
State Tobacco Monopoly Administration Meets with Representatives from British American Tobacco
State Tobacco Monopoly Administration Meets with Representatives from British American Tobacco
On May 26, Wang Gongcheng, Member of the Party Leadership Group and Deputy Director of the State Tobacco Monopoly Administration, met in Beijing with BAT Management Board Member and Regional Director for Asia-Pacific, Middle East & Africa, Zhanoski. The two sides held friendly talks.
May.27 by 2FIRSTS.ai
U.S. Federal Court Orders Vape Website Permanently Shut Down Over Illegal Flavored E-Cigarette Sales
U.S. Federal Court Orders Vape Website Permanently Shut Down Over Illegal Flavored E-Cigarette Sales
New York Long Island e-cigarette company permanently closed by federal court for selling illegal flavored products, facing fines.
May.23 by 2FIRSTS.ai
2Firsts Insight | DOJO Launches Own E-Liquid Brand, Set to Hit Shelves in Germany
2Firsts Insight | DOJO Launches Own E-Liquid Brand, Set to Hit Shelves in Germany
The e-cigarette brand DOJO has unveiled DOJOLIQ, its self-developed e-liquid line co-created with the VAPORESSO team. The product comes in 10ml bottles and features 10 flavors, primarily fruit-based. It is now listed on several German online vape retail platforms and will be available for purchase soon.
Jun.10 by 2FIRSTS.ai