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Join date : 2012-12-21
by Rocky Wed 04 May 2016, 4:27 pm
Iraq, Syria weigh on Imperial Tobacco
By John Lee.Imperial Brands, formerly
Imperial Tobacco Group, stated on Wednesday that “
ongoing instability [in Iraq and Syria] continued to impact performance, particularly of Gauloises and Gitanes” cigarette brands.
In its half-year results to the end of March, the company said that Iraq and Syris now represent less than 3 percent of total Group volume, down from 6 percent in the same period last year, and added that they “
should no longer have a significant impact on performance in the second half“.
Excluding Iraq and Syria, revenues in ‘Growth Markets’ increased 9.7 per cent.
(Source: Imperial Tobacco)Source:
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