BAT cuts payout as 2Q net profit tumbles


The 20-year contract secured by its unit Metro Parking Management Philippines Inc would also include the construction of an additional 208-bays of steel deck parking structure in MBP - a bustling business hub in the affluent suburb near Alabang Town Centre, one of Metro Manila

KUALA LUMPUR: British American Tobacco (M) Bhd (BAT) has slashed its dividend payout after net profit in the second quarter fell by more than a fifth on lower sales.

Earnings in the three months ended June 30 tumbled 21% to RM113.7mil, or 38.6 sen a share on revenue of RM679.1mil.

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