BAT Malaysia posts third straight quarterly profit growth

KUALA LUMPUR: British American Tobacco (M) Bhd posted a third straight quarter of operating profit growth, as its main cigarette brands Dunhill, Rothmans and KYO gained market shares in their respective segments.

BAT Malaysia’s growing its market share within the legal space saw its profit from operations for the quarter increase by 19% to RM104mil. “This improvement came off the back of a 5% jump in revenue to RM660mil compared to the third quarter,” its managing director Jonathan Reed said in a statement today.