British American Tobacco plc
BAT: Q1 results
BAT’s growth carried on following much the same pattern that we have seen in recent years. All that was different this quarter was the impact of a disposal (which makes change from the acquisitions we have seen in recent years).
Organic volume growth as a little better than last year at 3% but stronger growth (18%) […]
BAT: 2005 results
BAT reported a 9% growth in like-for-like (LFL) operating profits for the year to December 2005. LFL operating profits reached £2,607m compared to £2,398m the previous year. Reported operating profits showed an apparent decline of 36% because the previous years profits were boosted by a one-off gain of £1,389m stemming from the merger with R.J. […]
BAT: Q3 results
British American Tobacco said like-for-like operating profits for the nine months to September 2005 rose 9% to £1,961m.
Comparisons with last year are complicated by the merger of the company’s US businesses with R.J. Reynolds in July 2004 and the sale of its Italian distribution business Etinera in December 2004. In order to analyse performance […]
BAT H1 Results
BAT has reported modest 1% growth in reported group profit from operations. However, like-for-like operating profits (excluding exceptionals and changes in the group resulting from the merger of US businesses with R.J.Reynolds and the sale of Etinera) were 8% higher.
Excluding the effects of the merger and the disposal, there has been reasonably good […]
BAT : Q1 results
Operating profit including the contribution from associates was up 5.7% to £670m. BAT gives considerable prominence in the results announcement to the EPS growth, which was up 26%. EPS benefited from a 15.7% reduction in taxation, favourable
BAT
BAT’s turnover and operating profits increased due to the contribution of ETI (a company acquired at the end of 2003). 2004’s operating profit (before exceptionals and goodwill) of £2.8bn (+1.8%, +7% at CER) increased due to the contribution of ETI; Excluding ETI, BAT’s operating profit would have been 3.9% lower than 2003. The […]
Random picks: Admiral | Cookson | Countrywide | Egg | FKI | Matalan | Scottish & Southern Energy | Wimpey | Xstrata | Johnston Press