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British American Tobacco reports first-half profit rises despite volume decline

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(FILES) This file photo taken on September 25, 2014 shows a packet of Camel cigaretes taken in Paris.


joel saget/Agence France-Presse/Getty Images

British American Tobacco said its first-half profit edged higher, as sales of higher-priced items and cost cuts offset a fall in volume.

British American Tobacco
BATS,
+2.18%

BTI,
-0.96%

said its profit from operations rose 3.3% to £5.37 billion, with revenue up 1.1% to £12.27 billion. Its adjusted EPS of 157.8 pence came in ahead of a FactSet-compiled analyst estimate of 156.54 pence on sales of…



Source marketwatch.com

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