BAT remains upbeat despite challenges

PETALING JAYA: British American Tobacco (M) Bhd (BAT) is still optimistic of growth despite tightening tobacco legislations, high level of illicit tobacco trade and inflationary pressures.

Managing director Jack Bowles said despite the challenges ahead, the market leader hoped to achieve its medium-term target of high single-digit earnings per share growth as well as maintain its dividend payout.