Gallaher Profit Rise Below Standards of Industry

Summary


Tobacco firm Gallaher yesterday posted a 4.9 per cent rise in yearly profit, well below the growth of its cigarette-making peers.

The world's fifth-largest cigarette group, which is being taken over by Japan Tobacco next month in a pounds 7.5 billion deal, posted 2006 profit before tax, amortisation and exceptional items of pounds 597 million.

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Extract


Gallaher Profit Rise Below Standards of Industry

In the UK it said current trading was in line with its expectations, taking into account the introduction of the sm...

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