July 27, 2011
British American Tobacco CEO and FD Interviewed on Half-Year Results 2011
LONDON, July 27, 2011 /PRNewswire/ --
The tobacco manufacturer British American Tobacco has posted results
that has seen adjusted operating profit up 12% for the half year.
In an interview with http://www.cantos.com, Chief Executive Nicandro
Durante said that there had been some very good performances in several
markets around the world and that the company was taking market share,
especially in the premium end of the market.
Finance Director Ben Stevens cautioned against drawing too many
conclusions from the strong performance pointing out that marketing spend
was weighted toward the second half but nevertheless conceded that the
company was confident of exceeding its margin target by year end.
The company added it was still on the lookout for further bolt-on
acquisitions that fitted its acquisition criteria.
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SOURCE British American Tobacco Plc