PETALING JAYA: British American Tobacco (Malaysia) Bhd (BAT) remains cautiously optimistic on its prospects going forward, despite improved results from measures taken against the tobacco black market.
In a filing with Bursa Malaysia yesterday, the group said it will continue to support the government’s on-going efforts to reduce illicit market volumes.
Meanwhile, BAT’s net profit dropped to RM75.25mil in its third quarter ended Sept 30, 2022, compared with RM78.68mil in the previous corresponding period.
Revenue in the third quarter rose to RM666.90mil from RM613.02mil in the previous corresponding period.,
Basic earnings per share stood at 26.40 sen versus 27.60 sen previously.
For the nine-months period ended Sept 30, 2022, BAT’s net profit stood at RM200.79mil compared with RM213.41mil previous corresponding period, while revenue grew to RM1.83mil compared with RM1.78mil a year earlier.
“The group saw a decline in overall market share of 0.8% compared to the same period last year. The group’s premium and aspirational premium brands experienced a slight decline of 0.7% and 1.1% respectively as a result of the delisting of Kent and Pall Mall brands during the year.
“The value-for-money brands, KYO and Rothmans, captured an additional 1% share of the market from 10.2% to 11.2% when compared to the same period last year.”
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