LONDON, July 25, 2012 /PRNewswire/ --
The tobacco group BAT with more than 200 brands to its name has unveiled 2012 half year results that the company described as pleasing given the tough comparatives from the same period last year and the difficult economic environment in parts of Europe.
Its CEO, Nicandro Durante, said that "pricing remained strong" and that there were good performances right across its regions with its Global Drive Brands continuing their strong growth trajectory and innovations growing strongly too.
In actual numbers terms the results showed an increase in turnover of 4%, an improvement in operating profit up 6% and EPS up 10% at constant exchange rates, a financial performance which its FD Ben Stevens said gave him confidence that the company was on track for another good set of results for the full year.
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SOURCE British American Tobacco Plc