By John Lee.
Imperial Brands, formerly Imperial Tobacco Group, stated on Wednesday that “ongoing instability [in Iraq and Syria] continued to impact performance, particularly of Gauloises and Gitanes” cigarette brands.
In its half-year results to the end of March, the company said that Iraq and Syris now represent less than 3 percent of total Group volume, down from 6 percent in the same period last year, and added that they “should no longer have a significant impact on performance in the second half“.
Excluding Iraq and Syria, revenues in ‘Growth Markets’ increased 9.7 per cent.
(Source: Imperial Tobacco)