On May 15th, Imperial Brands released their financial report for the six months ending on March 31, 2024. The report shows that due to price increases and a growing demand for tobacco alternative products, the company's operating profit for the first half of the year has increased. During the reporting period, the company achieved revenue of £15.1 billion, a decrease of 2.3% year-on-year; when adjusted for fixed exchange rates, the operating profit increased by 2.8% to reach £1.67 billion.
Sales of the Empire's new generation tobacco product (NGP) brand, including Pulze heated tobacco and Blue-cigarette, have increased by 16.8%. The company has also raised its interim dividend by 4% to 44.90 pence.
CEO Stefan Bomhard stated, "The tobacco pricing actions taken in the first half of the year, as well as the strong momentum in NGP, give us confidence in our ability to deliver full-year performance in line with our guidance.
We welcome news tips, article submissions, interview requests, or comments on this piece.
Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn
Notice
1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.
2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.
3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.
4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.
Copyright
This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.
For copyright-related inquiries, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.
We welcome any corrections or feedback. Please contact us at: info@2firsts.com
