British American Tobacco reports full year sale jump

British American Tobacco reports full year sale jump
PRAGUE, CZECH REPUBLIC - SEPTEMBER 24: Volkswagen car maker logo on a building of dealership on September 24, 2015 in Prague, Czech republic. Great emission scandal raises around number of VW cars.

The world’s second-largest tobacco company also announced a dividend increase of 1 per cent to 217.8 pence and a £2 billion share repurchase programme for 2022.

It posted a 51 per cent 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 per cent to 329 pence from 331.7 pence.

The maker of Lucky Strike and Camel cigarettes said it expects constant currency revenue growth of 3-5 per cent this year.

British American Tobacco shares have risen more than 20 per cent in the past year.