Illegal cigarettes weigh on BAT


Downtrend: BAT MD Erik Stoel (left) says the group’s performance and declining share price are directly correlated to the growing size of the country’s illicit market. With him is the company chairman Tan Sri Aseh Che Mat.

KUALA LUMPUR: The growing size of the illegal tobacco market in Malaysia continues to weigh on the performance and share price of British American Tobacco (M) Bhd (BAT).

BAT MD Erik Stoel said the group’s performance and declining share price were directly correlated to the growing size of the country’s illicit market.

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Business , British American Tobacco

   

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