BAT revenue and profit decline for fourth straight year in FY19

KUALA LUMPUR: British American Tobacco (M) Bhd (BAT) reported its fourth straight years of declining revenue and profits, as rampant illegal cigarette trade continued to gain market share at the expense of legal players.

Full year ended Dec 31, 2019 (FY19) net profit slumped 27% to RM343.8mil, or RM1.21 a share compared with RM470.7mil, or RM1.64 see a share made a year earlier.