BAT: fewer cigarettes were sold, but because of the price increase, the turnover increased as well

The British American Tobacco (BAT), expects a significant profit expansion, because the declining sales volumes of the first nine months will be offset by price increases.

Europe's first and the world's second largest tobacco group's three-quarter report published on Wednesday say that revenue rose by 3.5 percent, while they sold 501 billion pieces of cigarettes, 3.2 percent fewer than a year earlier. The total sales of tobacco products in the final nine months ended in September shrank by 3 percent. (MTI, Világgazdaság Online)