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British American Tobacco first-half sales beat estimates on higher e-cig customer adds

Credit: REUTERS/STEFAN WERMUTH

British American Tobacco on Wednesday reported better-than-expected revenue for the first half of the year as the Lucky Strike cigarette maker added a record number of new customers for its vaping products.

July 28 (Reuters) - British American Tobacco BATS.L on Wednesday reported better-than-expected revenue for the first half of the year as the Lucky Strike cigarette maker added a record number of new customers for its vaping products.

Total adjusted revenue came in at 12.18 billion pounds ($16.90 billion) for the six months ended June 30, ahead of the 12.02 billion pounds analysts had expected, according to a company-supplied estimate.

The company also kept its full-year forecast for over 5% sales growth in constant currency.

($1 = 0.7209 pounds)

(Reporting by Siddharth Cavale in Bengaluru; Editing by Sriraj Kalluvila)

((siddharth.cavale@thomsonreuters.com; Cell: +91 74064 47228; Reuters Messaging: siddharth.cavale.thomsonreuters.com@reuters.net))

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