British American Tobacco (M) Bhd managing director Nedal Salem.
PETALING JAYA: British American Tobacco (M) Bhd
is calling for measures to address the high incidence of the tobacco black market in Malaysia, which accounts for 54.8% of the total industry.
It suggested a review of taxation policies to complement intensified enforcement initiatives in the upcoming Budget 2025.
The group is encouraged by the intensified efforts against the tobacco black market, according to managing director Nedal Salem in a statement.
In its second quarter ended June 30, 2024, BAT Malaysia recorded revenue of RM640.46mil, about 5.6% lower compared with RM678.12mil registered a year earlier. Its net profit fell by 23.67% year-on-year to RM36.28mil.
It also declared a second interim ordinary dividend of 12 sen per ordinary share amounting to RM34.2mil, payable on Aug 22, 2024.
