Printer Friendly

B.A.T. INDUSTRIES ISSUES QUARTERLY REPORT TO SEPTEMBER 1991

      B.A.T. INDUSTRIES ISSUES QUARTERLY REPORT TO SEPTEMBER 1991
    LONDON, Nov. 19 /PRNewswire/ -- B.A.T. Industries plc (AMEX: BTI) today issued their quarterly report to September 1991:
                         B.A.T. INDUSTRIES PLC
                    (In millions of pounds sterling)
     Nine months ended:                1991        1990   Percent change
    Continuing group turnover
     (including Farmers' exchanges)   14,250      13,565       + 5
    Continuing group trading profit      814         799       + 2
    Pre-tax profit                       662         596       +11
    Earnings per share                  17.7p       13.9p      +27
    -- Pre-tax profit up at 662 million pounds, an increase of 11 percent on the comparable period -- earnings per share up 27 percent on 1990's depressed level.
    -- Good results from tobacco combined with robust performance from insurance operations, other than Eagle Star's general business.
    -- Tobacco trading profit 702 million pounds, 16 percent rise in third quarter -- all the principal tobacco operations performed well -- cigarette exports rose by 25 percent with buoyant sales of international brands - overall volume up 4 percent.
    -- Financial services: profit of 101 million pounds despite 284 million pounds loss at Eagle Star -- Farmers, Allied Dunbar and Eagle Star Life all made good progress - as anticipated Eagle Star experienced problems in its general business, particularly in domestic mortgage insurance.
    -- Chairman Sir Patrick Sheehy reiterated "Looking at B.A.T. Industries as a whole, we are confident of the underlying business strengths of the group.  The board remains as determined as ever to reward our shareholders with dividend increases in excess of the rate of inflation."
    -0-          11/19/91
    /CONTACT:  Martin Broughton, senior finance director, or David Allvey, finance director of B.A.T. industries (between 1430 - 1830 hours U.K. time), in London: 44-71-222-7979/
    (BTI) CO:  B.A.T. Industries plc ST: IN:  TOB SU:  ERN TS -- NY010 -- 4756 11/19/91 07:39 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 19, 1991
Words:294
Previous Article:TWO TOP ADVENTURE TRAVEL FIRMS COMBINE OPERATIONS ASI TO BECOME THE INTERNATIONAL DIVISION OF AWE!
Next Article:RAYTHEON RESPONDS TO HUGHES SUIT
Topics:


Related Articles
B.A.T. INDUSTRIES ANNOUNCES PRELIMINARY RESULTS
B.A.T. INDUSTRIES REPORTS BUOYANT FIRST QUARTER
B.A.T. INDUSTRIES REPORTS BUOYANT FIRST QUARTER
B.A.T. INDUSTRIES ANNOUNCES MASSIVE PROFIT RISE
B.A.T INDUSTRIES REPORTS INCREASED PROFITS TO END OF SEPTEMBER
BAT INDUSTRIES MAKES PRELIMINARY ANNOUNCEMENT - YEAR ENDED DEC. 31, 1992
B.A.T. ANNOUNCES QUARTERLY RESULTS
B.A.T INDUSTRIES ANNOUNCE QUARTERLY REPORT TO MARCH 31, 1994
B.A.T. INDUSTRIES PLC: QUARTERLY REPORT TO JUNE 30, 1996
BAT Industries Announce Quarterly Results

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters