PETALING JAYA: British American Tobacco (M) Bhd
’s (BAT) net profit for the first quarter ended March 31 rose 7.6% to RM241.74mil from RM224.56mil a year ago, due to strong volume driven by an “abnormal demand” from customers and consumers ahead of the goods and services tax (GST) implementation on April 1.
The tobacco company’s revenue for the quarter climbed 10.4% to RM1.27bil from RM1.15bil previously.
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