BRITISH American Tobacco (BAT) yesterday said profit fell three per cent to just over £9bn, despite its revenue rising nearly six per cent to £25.8bn last year, The tobacco giant reported adjusted diluted earnings per share of 323.8p, which was ahead of expectations. But reported earnings per share was 12 per cent below Bloomberg's consensus after a number of adjustments.

Shares rose during trading, but closed down 1.77 per cent.

It booked a number of charges in 2019 which hit profit including £436m related to its Canadian operations.

BRITISH AMERICAN TOBACCO P3,350 3,300 3,250 3,200 27 Feb 3,162.50 3,150 3,100 21 Feb 24 Feb 25 Feb 27 Feb 26 Feb

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