|By PR Newswire||
|February 27, 2014 02:56 AM EST||
LONDON, February 27, 2014 /PRNewswire/ --
Strong emerging market performance and solid pricing have contributed to a good set of 2013 full year results for BAT according to CEO Nicandro Durante, despite currency headwinds and industry volume declines - adding his optimism that BAT will continue to outperform the markets in the year ahead.
The tobacco company posted a 7% increase in operating profits and EPS growth of 10%, at constant exchange rates. FD Ben Stevens added that BAT will continue to deliver high single-digit earnings growth by not only delivering today, but by investing in tomorrow.
Highlighting Rothmans' strong performance globally, BAT will be adding the brand to their list of Global Drive Brands for 2014.
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SOURCE British American Tobacco Plc