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.
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.
