BAT said it remained concerned with legal volumes continuing to be impacted by the current high incidence of illegal cigarette trade. The outlook for the second half of 2018, BAT said, would be very much dependant on the recovery of the legal market.
PETALING JAYA: British American Tobacco (M) Bhd
(BAT) has cut its dividend payout after earnings fell by more than a fifth on lower sales.
The maker of Dunhill cigarettes saw its net profit fall 21% to RM113.72mil for the second quarter ended June 30 from RM144.08mil in the corresponding quarter last year.
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