BAT's Q3 PAT Rises More Than 10%, Declares Third Interim Dividend

Business Today · Oct 30 06:07

For the quarter under review, BAT Malaysia saw a 3.3% increase in overall volume as compared to same period last year. As a result, the Group saw a 0.5% rise in revenue totalling RM609.9 million. The growth it said was largely attributed to a better product mix and increased sales from vapour products, partially offset by higher investment.

Profit after tax was up more than 10% from RM59 million in Q3FY23 to RM67 million in the current quarter, revenue was also higher at RM609.9 million.

Although gross profit margin dipped by 1.3% due to the lower margin of vapour products, operating expenses were significantly reduced by 28.9% as compared to last year given the Group's substantial investment in the launch of Vuse in Malaysia last year. As a result, profit from operations for the quarter increased by 17.1% to RM99.5 million compared to the same period last year.

The Board of Directors declared a third interim dividend of 22 sen per ordinary share amounting to RM62.8 million, payable on 27 November 2024 to shareholders.

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BAT's Q3 PAT Rises More Than 10%, Declares Third Interim Dividend

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