British Fast-Moving Consumer Business Imperial Brands Plc’s Adjusted Earnings Slumps 1.6% in FY19

  • Nov 05, 2019 GMT
  • Team Kalkine
  • FTSE 100 constituent stock Imperial Brands Plc (LON: IMB) reported FY19 results on Tuesday (November 05), the group's net revenue increased 2.2%, led by growth in tobacco and Net Generation Product.
  • The group’s major tobacco net revenue surged 2.7% on actual terms and by 1.1% on constant currency basis to £7,713m from £7,510m against the year-over period.
  • Adjusted earnings per share for the FY19, contracted 1.6% on a constant currency basis, driven by these changes since the pre-close trading update: crystallisation of Next Generation Products supply contract termination costs and below expected other income partially counterbalanced by a lower adjusted tax rate.

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