BAT reports RM77mil profit for second quarter

In a statement, the group said despite external pressures, BAT had outperformed the legal industry in Q2

PETALING JAYA: British American Tobacco (M) Bhd (BAT) recorded a 32% lower net profit of RM77.2mil for the second quarter ended June 30, 2019 (Q2’19) as it continues to be affected by illegal cigarette trade and rising operating expenses.

The group’s revenue for the period also came in 5.6% lower than the same period a year ago, at RM640.8mil.