KUALA LUMPUR: British American Tobacco (Malaysia) Bhd said its sales in the third quarter grew at a faster pace than the industry, boosted by demand for newly introduced cheaper brand KYO.
"Overall, BAT Malaysia recorded a growth in Q3FY2020 outperforming the legal domestic industry with a growth of 14% compared with Q2FY2020 mainly due to Dunhill and the introduction of KYO," it said in a filing with Bursa Malaysia today.
BAT Malaysia's market share stood at 52.5%, a 1 percentage point increase compared with the preceding quarter, driven by KYO and reinforced by Dunhill’s consistent leadership within the premium segment.
Sales jumped to RM627.5mil in the three-month ended Sept 30 from RM584mil a year ago.
Net profit was RM63.7mil, or 22.3 sen a shares, down from RM83.1mil (29.1 sen share) previously.
BAT Malaysia has declared a third interim dividend of 21 sen a share.
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