British American Tobacco, the world's second-biggest cigarette company, today said its profit growth would be weighted toward the second half of the year, due partly to the impact of foreign exchange.
The maker of Lucky Strike and Dunhill cigarettes said revenue rose 1.7% for the three months to the end of March.
Excluding the impact of currency fluctuations and acquisitions, revenue rose 6.1%.
The company said that like-for-like volume, excluding acquisitions and inventory movements a year ago, rose 1.1%.
It said profit growth would be weighted toward the second half of the year mainly due to the timing of the effect of transactional foreign exchange headwinds and higher selling prices.
