Tobacco giant Imperial brands has reported that its operating profits grew by 27% last year to £1.53bn.
The Bristol-based company has released its half year results, where it also reported revenues of £15.4bn. It said that the increase in operation profit "reflected the fact that charges in relation to exiting Russia last year were not repeated".
Imperial noted that it is in the middle of a five year restructuring programme and said that it is on course to make savings of £150m a year by the end of 2023. The company also said that it has seen a return to pre-Covid buying patterns.
