Imperial Brands H1 Adj. Operating Profit Up 0.6%

Imperial Brands reported first-half profit attributable to owners of the parent fell to £475 million from £808 million a year earlier, while EPS dropped to 59.5 pence from 96.2 pence. The company did note that adjusted operating profit was 0.6% higher year on year, partially offsetting the weaker bottom-line results. Overall, the release is mildly negative due to the sharp decline in reported profit and EPS despite slight adjusted operating profit growth.

Analysis

Imperial Brands reported first-half profit attributable to owners of the parent fell to £475 million from £808 million a year earlier, while EPS dropped to 59.5 pence from 96.2 pence. The company did note that adjusted operating profit was 0.6% higher year on year, partially offsetting the weaker bottom-line results. Overall, the release is mildly negative due to the sharp decline in reported profit and EPS despite slight adjusted operating profit growth.