JT Group 2019 Third Quarter Financial Results

Highlights

  • Adjusted operating profit at constant FX increased 3.0% year-on-year, driven by growth in the international tobacco business. On a reported basis, adjusted operating profit decreased 11.6% mainly due to unfavorable currency movements.

  • Operating profit and profit attributable to owners of the parent declined mainly due to a decrease in adjusted operating profit and recognition of restructuring costs related to the transformation of the international tobacco business.

  • FY2019 forecast for consolidated adjusted operating profit at constant FX is revised to grow 1.6% year-on-year.

  • The dividend guidance for the year remain unchanged. [...]

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