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In a media statement issued today, the company said its profit from operations for the quarter ended Sept 30, 2022 (Q3 2022) rose 6.4% to RM116 million compared with the preceding three months.
Revenue for the quarter was RM667 million, up 4.6% from the preceding period, while volume rose 4.9% to hold on to its 51.5% share of the market.
However, the company said, while quarterly sales volume rose 3.1%, its overall market share was 0.8% lower compared with the same quarter last year (Q3 2021).
It said its premium and aspirational premium brands lost 0.7% and 1.1% of market share respectively as a result of the delisting of the Kent and Pall Mall brands.
On the other hand, the market share of its value-for-money brands, namely KYO and Rothmans, grew from 10.2% to 11.2%.
It also announced that the board of directors had declared a third interim dividend of 25 sen per ordinary share, amounting to RM71.4 million payable to shareholders on Nov 21.
BAT Malaysia managing director Nedal Salem said the better performance was driven largely by domestic volume growth as well as cost optimisation initiatives.
He added that BAT Malaysia is also working closely with the relevant government stakeholders to reduce the sale of tobacco products in the black market.
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