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British American Tobacco sees 'good' earnings growth in 2019

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British American Tobacco sees 'good' earnings growth in 2019
FILE PHOTO: Cigarettes are seen during the manufacturing process in the British American Tobacco Cigarette Factory (BAT) in Bayreuth, southern Germany, April 30, 2014. REUTERS/Michaela Rehle/File Photo   -   Copyright  Michaela Rehle(Reuters)
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(Reuters) – British American Tobacco Plc expects another year of good earnings growth in 2019, Chairman Richard Burrows said at the company’s annual general meeting on Thursday.

The second-biggest international tobacco company reported higher full-year adjusted sales and profit in February, helped by cigarette market share gains and growth in vaping devices.

“Against a backdrop of a strong set of results and consequently rising share price, all of this, I believe, puts us is a strong position to deliver long-term sustainable growth,” Burrows said.

(Reporting by Justin George Varghese in Bengaluru; Editing by Saumyadeb Chakrabarty)

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