BAT earnings jump 16% in first half of year

BAT earnings jump 16% in first half of year

British American Tobacco, which this week completed its $54.5 billion purchase of Reynolds American Inc., saw a 16.3% increase in profits to nearly $3.4 billion in the first half of fiscal 2017. Revenue grew 15.7% to $10.1 billion. Winston-Salem-based Reynolds is BAT’s largest global subsidiary, with Reynolds shareholders owning 19% of the British company.

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