BAT’s profit falls 34pc in Q1 due to weak sales

• After reporting its lowest annual profit, British American Tobacco (BAT) Bangladesh posted a 34 per cent year-on-year decline in profit to BDT 2.10 billion in the first quarter this year, owing to lower sales and higher finance costs.
• The multinational tobacco manufacturer’s earnings per share (EPS) fell sharply to BDT 3.88 in the January-March quarter from BDT 5.89 in the same quarter last year, according to a regulatory filing on Thursday.
• The company said both sales volume and revenue declined significantly during the quarter, while higher borrowing costs and an increased tax burden weighed on bottom-line growth.

https://today.thefinancialexpress.com.bd/public/stock-corporate/bats-profit-falls-34pc-in-q1-due-to-weak-sales-1778774911#google_vignette