UPDATE 2-BAT beats profit expectations, sees U.S. ban on flavoured e-cigarettes as temporary [Reuters]
British American Tobacco Industries, p.l.c. ADR (BTI)
NASDAQ:AMEX Investor Relations:
bat.com/ir
Company Research
Source: Reuters
UPDATE 2-BAT beats profit expectations, sees U.S. ban on flavoured e-cigarettes as temporary * BAT confident flavoured e-cigarettes will be back on U.S. market * Revenue tops estimates on strength of cigarette revenues * Shares rise more than 2% after its results (Adds comments from marketing officer and analysts, gives share price rise, background) By Tanishaa Nadkar Feb 27 (Reuters) - British American Tobacco reported better-than-expected annual profits on Thursday helped by higher pricing of its cigarettes, and said it was confident of resuming sales of flavoured e-cigarette pods in the United States despite a ban. Shares of the world’s No. 2 tobacco company have risen nearly 14% in the past 12 months, partly due to the group’s low exposure to vaping in the United States where a backlash against e-cigarettes following several vaping-related deaths led to tighter regulation and a ban on selling pod-based e-cigarette flavours from this month. “It’s not a ban forever,” Chief Marketing
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BTI
Sec Filings
- 11/14/24 - Form 6-K
- 11/13/24 - Form 6-K
- 11/12/24 - Form 6-K
- BTI's page on the SEC website