Logista Q1 Net Drops 12.2 pct to 28.9 mln Eur on Slowdown in Tobacco Price Rises

Source from:  (AFX UK Focus) 2008-05-08 MADRID (Thomson Financial) 05/09/2008

Cía de Distribución Integral Logista SA said net profit fell 12.2 percent to 28.9 million euros in the first quarter to March, mainly hit by a slowdown in tobacco price increases. In a statement, Logista said sales fell 4.3 percent to 218.2 million euros, while EBITDA stood at 45.3 million. The acceptance period for Imperial Tobacco Group unit Altadis SA's bid for the outstanding Logista shares which it does not own ended Tuesday. The bid was at 52.5 euros per share. The UK tobacco manufacturer has said it plans to keep Logista listed on the Spanish stock market, but this will depend on the final outcome of its bid. tfn.europemadrid@thomsonreuters.com tg/jdy/tr/slm COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. Enditem