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Earnings

Adjusted earnings increased by 59% to US$925 million and the weighted average number of shares in issue for the year was 1,192.2 million, up from last year’s 1,076.1 million, reflecting mainly the carry-over impact from the prior year’s issue of 430 million shares to Altria as consideration for the Miller acquisition. These shares consisted of a mixture of ordinary shares and unlisted low-voting participating shares. The group’s adjusted earnings per share increased 44% to 77.6 US cents from the prior year’s 54 US cents. Adjusted earnings per share also increased when measured in the following currencies: South Africa rand, sterling and euro. Basic earnings per share increased 97% to 54.1 US cents from the prior year’s 27.5 US cents.

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Picture of Malcolm Wyman - Chief financial officer
 
Malcolm Wyman
Chief financial officer