17th Apr 2020 08:46
(Alliance News) - Imperial Brands PLC on Friday reiterated that it has not seen any material impact on performance to date as a result of Covid-19, and said that it will delay the release of its first half results.
Shares in the Davidoff cigarette maker were up 1.9% at 1,607.00 pence each in London.
The company intends to publish its results for the six months to March-end on May 19 rather than May 5 to provide sufficient time to prepare and review financial information in the current climate.
"With an already tight reporting timetable and with newly appointed auditors, we have therefore agreed with Ernst & Young that the steps both businesses are taking in relation to Covidâ€19 mean it will take longer to prepare and review Imperial Brands' interim financial results for the six months to 31 March 2020," the FTSE 100-listed company said.
At the end of March, Imperial Brands had said that current trading remained in-line with expectations with no virus impact due to a diversified supply chain and factory footprint. The company also had secured a new EUR3.5 billion loan facility in order to bolster its available liquidity
By Tapan Panchal; [email protected]
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