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Tuesday, November 10, 2009
Imperial Tobacco Profit Jumps 55%, Revenue Up
By Sarah Turner
MarketWatch Pulse
LONDON -- Imperial Tobacco said Tuesday that fiscal-year profit attributable to shareholders rose to 663 million pounds ($1.1 billion), from 428 million pounds last year. Revenue rose to 26.5 billion pounds, from 20.5 billion pounds a year ago. "Our performance reflects a full year's contribution from Altadis compared with eight months in 2008, good organic growth, synergy benefits and currency translation gains," the firm said. The firm said it's well positioned to continue to create sustainable value for shareholders. Separately, the firm said that CEO Gareth Davis will retire in May and will be succeeded by Alison Cooper, currently chief operating officer.
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