BAT’s wings clipped by Covid-19, black market


In a filing with Bursa Malaysia, BAT said the group’s duty-free business operations remained impacted by Covid-19 travel restrictions that continued in the third quarter.

PETALING JAYA: British American Tobacco (M) Bhd’s (BAT) net profit for its third quarter ended Sept 30,2020 dropped 23% to RM63.74mil from RM83.13mil in the previous corresponding period, as business was affected by the Covid-19 pandemic and the growing tobacco black market.

In a filing with Bursa Malaysia, BAT said the group’s duty-free business operations remained impacted by Covid-19 travel restrictions that continued in the third quarter.

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BAT , quarter , MCO , Covid-19 , black market ,

   

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