Imperial Brands PLC (IMB.LN) said on Tuesday that U.K.-based wholesaler Palmer & Harvey's decision to enter administration may have a one-off impact of up to 160 million pounds ($213.3 million) on group operating profit in the current fiscal year.
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The company said that the majority of this sum would relate to excise duty, which is non-recoverable.
It also said that it doesn't anticipate any significant disruption to its U.K. operations, and it has contingency plans in place which will ensure that the ongoing supply to retail customers remains unaffected.
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(END) Dow Jones Newswires
November 28, 2017 13:20 ET (18:20 GMT)