British American Tobacco has reported a 3% rise in half-year profits.
The tobacco manufacturer – behind brands such as Kent, Dunhill, Lucky Strike and Pall Mall – said adjusted profits from operations rose from £2.76bn to £2.84bn in the six months to 30 June.
Sales were largely static, up just 0.2% to £7.4bn.
However, volumes of its key brands continued to grow during the period, with Lucky Strike up 19%, Dunhill and Pall Mall both up 3%, and Kent up 2%.
“Despite the global economic uncertainty and the adverse impact of exchange rates, BAT has delivered another good set of results,” said chairman Richard Burrows.
“The underlying business continues to perform well and we are confident of another year of good earnings growth.”