BAT Full Year Profit Rises 0.5% To RM678 Million Declares 21 sen Dividend

BAT Malaysia’s full-year revenue stood at RM2.6 billion and profit from operations was RM407 million. The Group recorded an increase of 0.5% in gross profit margin compared to the previous year at RM678 million compared to RM675 million in 2021.

To deliver on the strategy to simplify the portfolio, the Group saw a planned decline in overall market share of 0.8% compared with the same period last year primarily due to the delisting of Kent and Pall Mall brands. Annual volume fell slightly by 2% compared with 2021 where a oneoff benefit in volume was observed during the Route-to-market model transition.

In line with the downtrading trend observed in the market, BAT said its Value-for-Money (VFM) brands, KYO, and Rothmans, captured an additional 1% share of the market. Despite the contraction of the industry’s overall share of the premium segment by 1% during the year, the Group’s Dunhill brand secured growth of 1.1% share in this segment, indicating the premium
brand’s strong foothold.

For FY2022, the Board of Directors has declared a fourth interim dividend of 21 sen per ordinary share, amounting to RM60 million, payable on 7 March 2023 to shareholders. “Despite the economic headwinds we are optimistic for the company’s prospects for 2023,” said Nedal Salem, Managing Director, BAT Malaysia.

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