Imperial Brands today revealed a 15% decline in profits for the past year due to its exit from Russia.
However, the cigarette giant delivered a 1.5% increase in the annual dividend and promised to keep increasing shareholder returns in future.
Chief executive Stefan Bomhard said the additional investment in the past two years “built strong foundations for the next three-year phase of our plan to deliver improving returns”, where he added that he continues to expect low single-digit net revenue growth with adjusted operating profit growth accelerating to deliver mid-single digit compound annual growth, all at constant currencies.
Chief executive Stefan Bomhard said the additional investment in the past two years “built strong foundations for the next three-year phase of our plan to deliver improving returns”, where he added that he continues to expect low single-digit net revenue growth with adjusted operating profit growth accelerating to deliver mid-single digit compound annual growth, all at constant currencies.
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