Imperial Brands PLC (IMT.L, ITYBY.PK) reported first-half profit before tax of 452 million pounds compared to 1.05 billion pounds, a year ago. Profit to owners of the parent decreased to 290 million pounds from 853 million pounds. Earnings per share was 30.4 pence compared to 89.3 pence. The Group said its reported earnings per share reflects non-cash amortisation and restructuring costs, mainly in respect of continuing cost optimisation programme and integration activities following the US acquisition. First-half adjusted operating profit was up 19.5%. Adjusted earnings per share increased to 113.0 pence from 93.3 pence.
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