News

This week's focus: British American Tobacco released its 2022 semi-annual report, reporting adjusted revenue of £12.869 billion in the first half, up 5.7% year on year, driven by growth in its new tobacco business; Net profit attributable to its parent was ￡3.705 billion, up 4.7% year on year. In the new tobacco business, revenues in the first half of 2022 were £1.28 billion at constant exchange rates, up 45% year on year; Among them, the revenue of aerosolized electronic cigarettes (brand Vuse) was 590 million pounds, up 48.2% year on year; Heating without Burning (brand Glo) revenue £517 million, up 44.2% year on year; New smoke-in-mouth (Velo) revenues were £173m, up 37 per cent year on year.