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Oct 30th, 2007 - 17:26:28

Imperial Tobacco says its full-year profit rose 6.3 per cent


Oct 30, 2007, 17:24

LONDON - London-based Imperial Tobacco Group says its fiscal full-year profit rose 6.3 per cent.

The world's fourth-largest tobacco company says it earned US$1.88 billion for the fiscal year that ended September 30. Sales gained 5.7 per cent to US$25.4 billion. Cigarette volume rose seven per cent to 200 billion, boosted by a six-month contribution from the acquisition of Commonwealth Brands in the United States.

Commonwealth Brands, based in Bowling Green, Ky., is the fourth-largest cigarette producer in the United States.

Imperial chief executive Gareth Davis says they had an excellent return on investment in the first six months from Commonwealth.

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