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PETALING JAYA: Despite a decline in revenue, British American Tobacco (M) Bhd (BAT) posted an increase of 5.7% in net profit to RM196.12mil in the fourth quarter ended Dec 31, 2015, compared with RM185.53mil in the corresponding period a year ago.
BRITISH American Tobacco (Malaysia) Bhd (BAT) has reduced its cigarette prices by 20 sen per 20-stick pack for its premium and value-for-money brands effective since last Friday. Hong Leong Investment Bank (HLIB) Research said it believed this could be due to price competition among industry players, and a move for BAT to remain as the market leader.
PETALING JAYA: The Employees Provident Fund (EPF) has been paring down its stake in British American Tobacco (M) Bhd (BAT) amid the company’s declining share price.