Belfast Telegraph

Vaping trend to help BAT profits grow

By Ben Woods

Shares in British American Tobacco (BAT) have jumped after the firm said sales of next generation products (NGP), such as e-cigarettes, would hit £500m this year.

The Dunhill and Lucky Strike cigarette maker climbed more than 2% on the London Stock Exchange as it unveiled a string of ambitious revenue targets for NGP.

The FTSE 100 firm said next generation sales were on track to double in 2018 to £1bn, before rising to £5bn in 2022. It added that NGP - which includes tobacco heating and vaping products - was likely to break even next year and chalk up a "substantial profit" in five years.

Belfast Telegraph

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