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NewsBAT 3Q net profit up 3.3% to RM176.2m, dividend 60c
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BAT 3Q net profit up 3.3% to RM176.2m, dividend 60c
by hlk Thu 20 Oct 2011, 19:04
KUALA LUMPUR: BRITISH AMERICAN TOBACCO (M) [] Bhd’s earnings rose 3.3% to RM176.27 million in the third quarter ended Sept 30 from RM179.65 million.
It said on Thursday, Oct 20 that revenue increased by to RM1.104 billion from RM993.59 million, earnings per share were 61.70 sen compared with 59.80 sen. It declared an interim dividend tax exempt of 60 sen a share compared with 64 sen a year ago.
For the nine-month period, its earnings declined 1.7% to RM538.96 million from RM548.38 million. Revenue, however, increased by 4.6% to RM3.139 billion from RM3 billion.
BAT said the group’s market share had grown on-month to 60.6% at end-August, up 0.6 percentage points from a year ago. It said from a low of 58.7% in January 2011, impacted by high excise-led price increase in October 2010 and pricing activities of certain sub-value for money brands sold below the government mandated minimum price, the group’s market share registered 62% in August due to stronger enforcement efforts by the authorities.
It said on Thursday, Oct 20 that revenue increased by to RM1.104 billion from RM993.59 million, earnings per share were 61.70 sen compared with 59.80 sen. It declared an interim dividend tax exempt of 60 sen a share compared with 64 sen a year ago.
For the nine-month period, its earnings declined 1.7% to RM538.96 million from RM548.38 million. Revenue, however, increased by 4.6% to RM3.139 billion from RM3 billion.
BAT said the group’s market share had grown on-month to 60.6% at end-August, up 0.6 percentage points from a year ago. It said from a low of 58.7% in January 2011, impacted by high excise-led price increase in October 2010 and pricing activities of certain sub-value for money brands sold below the government mandated minimum price, the group’s market share registered 62% in August due to stronger enforcement efforts by the authorities.
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