BAT posts higher net income in fourth quarter


PETALING JAYA: British American Tobacco (M) Bhd’s (BAT) net profit for the fourth quarter ended Dec 31, 2016 was higher at RM299.12mil from RM196.12mil a year ago, albeit a lower revenue mainly from a one-off gain from restructuring income.

Revenue for the quarter stood at RM840.61mil as compared to RM1.06bil in the corresponding quarter of 2015.

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