The person who made or Winston and Gauloises cigarettes have reported slightly weaker than expected in the first half of revenue, and sees a small figure knocked on the earnings per share for the full year.
The company has blamed curbs on international travel-‘re of hurting sales, excluding taxes, and imposing restrictions on its production facilities, as well as the setting of the production capacity and efficiency. The company also said that more people have been to buy cigarettes cheaper.
The Bristol-based company, reported the tobacco, and the next generation of products, and products, which declined 0.9% on a constant-currency basis, to 3.59 billion pounds ($4.40 billion) in the first half of the year. Analysts on average were expecting a 3.6 billion pounds, according to a company supplied consensus.
The adjusted earnings per share came in at 103 pence, broadly in line with estimates.
“We are disappointed by these results, and we remain focused on opportunities to enhance performance,” joint Chief Executive officer: Dominic Brisby-and-Joerg Biebernick said in a statement.
(Reporting by Siddharth Cavale in Bangalore; Editing by Bernard Orr)