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Bat awarded by e-cig

Earnings and dividends grow

British American Tobacco awarded by electronic cigarettes. The second world group active in the production of tobacco and derivatives recorded, in the fiscal year 2020, a higher profit than expected thanks to the more widespread use of e-cigs and tobacco heating systems, in addition to the increase in selling prices of cigarettes. In 2020, adjusted earnings per share rose 5.5% to 331.7 pence, while full-year turnover fell 0.4% to £ 25.78 billion, they say from London. At constant currency, however, revenues grew by 3.3%, exceeding the forecasts of the company which had estimated organic revenues in the upper part of the range of 1% -3%. The British cigarette manufacturer's pre-tax profit amounted to 8.67 billion pounds (12.06 billion usd), compared to 7.91 billion last year. The company therefore increased the full-year dividend by 2.5% to 215.6p per share. Estimates for 2021 see steady growth in revenues from 3% to 5% and growth in earnings per share in line with 2020. 

"We have achieved our goals in what has been a busy year," said Chief Marketing Officer Kingsley Wheaton.

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EFA News - European Food Agency
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