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LONDON, Feb 11 (Reuters) - British American Tobacco
on Friday reported a 7% rise in full-year adjusted revenue to
25.7 billion pounds ($34.8 billion), helped by sales of
e-cigarettes and oral nicotine.
The world’s second-largest tobacco company also announced a
dividend increase of 1.0% to 217.8 pence and a £2 billion share
repurchase programme for 2022.
It posted a 51% rise in adjusted sales of its “new
categories” product line which includes e-cigarettes, heated
tobacco and oral nicotine.
Before adjusting items and including the dilutive effect of
employee share schemes, adjusted diluted earnings per share
declined 0.8% to 329.0 pence from 331.7 pence.
The maker of Lucky Strike and Camel cigarettes said it
expects constant currency revenue growth of 3%-5% this year.
BAT shares have risen more than 20% in the past year.
($1 = 0.7388 pounds)
(Reporting by Richa Naidu in London; editing by Philippa
Fletcher)