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Imperial Brands fiscal Q3 profit climbs 97.3% YOY

Imperial Brands PLC said its normalized net income for the fiscal third quarter ended June 30 came to 37 Great British pence per share, a gain of 97.5% from 19 pence per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £352.3 million, a gain of 97.3% from £178.5 million in the year-earlier period.

The normalized profit margin rose to 8.8% from 4.7% in the year-earlier period.

Total revenue climbed 6.4% on an annual basis to £4.01 billion from £3.77 billion, and total operating expenses increased year over year to £3.27 billion from £3.15 billion.

Reported net income grew 115.1% from the prior-year period to £366.6 million, or 38 pence per share, from £170.5 million, or 18 pence per share.