Imperial Tobacco sees revenues drop

Multinational tobacco company Imperial Tobacco remained upbeat despite a four per cent fall in revenues.

Reporting results for nine months ended June 30, the tobacco firm said that it had strengthened its portfolio with excellent results from growth brands.

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Alison Cooper, chief executive of Imperial Tobacco, said: “This has been another good quarter, building on the progress we made in the first half. Our continued focus on improving the consistency and quality of our performance has delivered excellent results from our Growth Brands which continue to grow net revenue, volume and market share.

“We’ve strengthened our performance in Returns Markets and maintained positive momentum in Growth Markets.

“We completed the US acquisition towards the end of the quarter and I am pleased with the successful start we’ve made in implementing our commercial and integration plans for ITG Brands. This consistent delivery against our strategic agenda leaves us on track to deliver against full year expectations and to create further sustainable value for our shareholders.”