United States

British American Tobacco Malaysia says quarterly net profit 47.7 mln RGT

Tuesday, 26 Jul 2016 05:23am EDT 

British American Tobacco Malaysia Bhd : Qtrly net profit 47.7 million RGT versus 219.3 million RGT; qtrly revenue 962.6 million RGT versus 1.09 billion RGT . Declared a second interim dividend of 45.00 sen per share in respect of the financial year ending 31 December 2016 . Based on result of HY 2016, group expects full year 2016 profit from operations to be lower than previous year . "The escalating illegal cigarette trade constitutes the most concerning challenge in 2016 for the legal tobacco industry" . "Outlook for the remaining part of 2016 will be very much dependant on the performance of the legal market" .