China Tobacco International Expects Higher Profit, Revenue in H1

MT Newswires Live06-04

China Tobacco International (HK) (HKG:6055) expects a minimum of 30% surge in profit attributable to the owners and a minimum of 10% increase in revenue for the six months ended June 30, as compared to the same period a year ago, a Monday filing said.

The company attributed the increased profit and revenue to the recovery of consumer traffic after the pandemic, an increase in the imported volume of tobacco leaves and an increase in its unit sale price, and the company’s effort in sourcing marketable tobacco leaf products with optimized pricing policies.

The company's shares were up nearly 16% in recent trade.

Price (HKD): $16.00, Change: $+2.26, Percent Change: +16.45%

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