Log in to your IBTimes Account

close
ID
Password

Imperial earnings rise, names new CEO



10 November 2009 @ 07:18 am BST

LONDON - Imperial Tobacco Group Plc , the world's No.4 cigarette group, beat forecasts with an 18 percent rise in annual earnings on Tuesday and said Alison Cooper will become its new group chief executive next May.


A tobacco saleswoman takes a cigarette packet in Madrid
A tobacco saleswoman takes a cigarette packet in Madrid June 19, 2008.
1 of 1

The British maker of Lambert & Butler, West and Gauloises cigarettes said Cooper, currently chief operating officer, will succeed Gareth Davis when he retires on May 12, 2010.

The group posted adjusted earnings per share for the full-year to end-September of 161.8 pence compared to a consensus forecast of 160p according to Thomson Reuters I/B/E/S and against a previous year of 136.9p.

The company said that although the external environment is challenging, it is still confident that it will reward its shareholders with sustainable growth.

The full-year dividend rose 16 percent to 73p a share. (Reporting by David Jones)

© 2010 Thomson Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

advertisement
Charts & market data sponsored by FXCM
advertisement
 
 
IBTimes © 2012 IBTimes Company. All Rights Reserved. Partners