Imperial Brands Suspends Operations, Stops Sales in Russia
March 09 2022 - 5:50AM
Dow Jones News
By Sabela Ojea
Imperial Brands PLC said Wednesday that it has suspended all
operations in Russia due to the invasion of Ukraine, halting
production at its factory in the city of Volgograd.
The FTSE 100 tobacco group said it has also stopped all sales
and marketing activity in Russia.
Imperial Brands said it had already suspended its operations in
Ukraine for the safety of its 600 employees in the country, adding
that Russia and Ukraine represented 2% of its total net revenue and
0.5% of adjusted operating profit for the year ended Sept. 30.
Shares at 1014 GMT were up 49.00 pence, or 3.3%, at 1,541.00
pence.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
March 09, 2022 05:35 ET (10:35 GMT)
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