British American Tobacco has had another very good year, with increased profit and share growth in many markets. At current rates of exchange, revenue was ahead by 3 per cent and profit from operations, excluding exceptionals, by 7 per cent, despite the £106 million adverse impact of exchange rates. At comparable rates of exchange, revenue was up 5 per cent and profit from operations, excluding exceptionals, up 11 per cent.
Median: 13.9%; British American Tobacco: 33.9%
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