Imperial Brands (GB:IMB) has released an update.
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Imperial Brands PLC reported a robust performance for the fiscal year ending September 2024, with a 4.6% increase in net revenue from tobacco and next-generation products. The company’s earnings per share grew significantly by 19.1%, supported by strong cash generation and strategic capital returns, including a £1.25bn buyback and a 4.5% increase in dividends. This solid financial footing is underpinned by market share gains in priority markets and a 26% revenue growth in next-generation products, showcasing Imperial Brands’ effective challenger strategy in the industry.
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