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B.A.T. INDUSTRIES REPORTS BUOYANT FIRST QUARTER

 B.A.T. INDUSTRIES REPORTS BUOYANT FIRST QUARTER
 LONDON, May 6 /PRNewswire/ -- B.A.T. Industries (AMEX: BTI) today reported a first quarter pre-tax profit up 14 percent to 262 million pounds sterling over last year's equivalent period, a figure which it says represents a promising start to 1992, especially when compared to the strong first quarter reported last year for both financial services and tobacco.
 Its various operations are summarized as follows:
 -- Tobacco: record first quarter trading profit, 11 percent higher at 209 million pounds. All major businesses recorded steady progress. Export volumes remained buoyant, increasing by 18 percent.
 -- General Business: Profits of 40 million pounds from continuing operations and losses of 17 million pounds from discontinued operations. Strong increase in farmers' profit, with an improving trend visible in eagle star's underlying performance.
 -- Life Business: Good results from farmers, Allied Dunbar and Eagle Star Life -- profits up 18 percent to 71 million pounds.
 -- Chairman Sir Patrick Sheehy commented: "The group has made a strong start to the year. I will have more to say about our prospects for the year as a whole at the annual general meeting on May 28."
 *
 B.A.T. INDUSTRIES
 (in millions of pounds sterling)
 Three months results 1992 1991 Percent change
 Continuing operations revenue(A) 4,688 4,286 + 9
 Continuing operations trading
 Profit 331 307 + 8
 Pre-tax profit 262 230 + 14
 Earnings per share 8.7p 7.9p + 10
 (A) -- Including exchanges managed by farmers.
 -0- 5/6/92
 /CONTACT: Martin Broughton, senior finance director, or David Allvey, finance director of B.A.T. Industries, in London, 71-222-7979/
 (BTI) CO: B.A.T. Industries ST: IN: TOB SU: ERN


TS -- NY008 -- 6867 05/06/92 06:36 EDT
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Publication:PR Newswire
Date:May 6, 1992
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