BAT net profit down 42.7% in Q1


PETALING JAYA: British American Tobacco (M) Bhd (BAT) registered a 42.7% year-on-year decline in net profit to RM50.8mil for the first quarter ended March 31, 2020.

This was mainly attributed to lower profit from operations which saw lower domestic volumes from the legal market, seasonality, stock in trade corrections as well as reduced duty free sales due to the Covid-19 pandemic.

Subscribe to The Star Yearly Premium Plan for 30% off

Cancel anytime. Ad-free. Full access to Web and App.

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.39/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
BAT , British American Tobacco

Next In Business News

Ringgit likely to move between 4. 24-4. 26 against US dollar next week
Singapore’s family office speed pushes JS-SEZ to step up
M-REITs stand out as rates fall
ReU Living redefines ageing with dignity
Navigating the tariff fog in chip sector
Operation to empower doctors
Investors eye the Philippines again
Turn global uncertainty into advantage
BACKING THE BUILDERS
Europe’s industrial shift boosts real estate

Others Also Read