1602 GMT - British American Tobacco is expected to report a drop in both profit and sales, while comments on cash flow outlook will be in focus, AJ Bell says. According to market views, the FTSE 100 tobacco group is expected to report total sales of 26.3 billion pounds, compared with 27.3 billion pounds a year ago, they say. Adjusted earnings per share are forecast to drop to 360 pence from 376 pence, they add. Attention then will focus on guidance comments regarding cash flow and how the company will allocate it, they say. AJ Bell says that in the past five years, BAT's cash flow has comfortably covered the dividend--guided at 238.4 pence a share in 2024--despite the ongoing decline in volumes. Shares are up 1.2% at 29.67 pounds. (michael.susin@wsj.com)
(END) Dow Jones Newswires
December 05, 2024 11:06 ET (16:06 GMT)
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