Cigarette maker British American Tobacco (BAT) said today impressive growth from its key global brands helped boost profits.
The world’s second largest cigarette producer reported an 8% rise in like-for-like profits of £2.1bn (€3.12bn) for the first nine months of the year as revenues lifted 5% to £7.3bn (€10.86bn).
The growth was driven by a strong performance from its main brands with three of the four enjoying increased sales volumes.
The number of Pall Mall cigarettes sold increased by 37% while Kent was up 16% and Dunhill grew by 5%. Lucky Strike, however, suffered a 4% fall in volume despite maintaining its share of its major markets.
Chairman Jan du Plessis said: “Although exchange rates are expected to deteriorate further in the fourth quarter, the growth in volume, revenue and profit for the nine months shows that British American Tobacco is on track for a good year.”