BAT 2Q net profit rises 19.93% to RM220.85m

By Surin Murugiah of theedgemalaysia.com | The Edge Malaysia – Thu, Jul 19, 2012

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KUALA LUMPUR (July 19): British American Tobacco (M) Bhd  net profit for the second quarter ended June 30, 2012 rose 19.93% to RM220.85 million from RM184.14 million a year earlier.

Revenue for the quarter rose 2.8% to RM1.07 billion from RM1.04 billion.

Earnings per share was 77.3 sen compared to 64.5 sen in 2011.

BAT declared a second interim dividend of 65 sen per share, tax exempt under the single-tier tax system amounting to RM185. 59 million in respect of the financial year ending Dec 31, 2012 to be paid on August 24.

For the six months ended June 30, BAT’s net profit rose 14.5% to RM415.36 million from RM362.69 million a year earlier, on the back of revenue RM2.11 billion.

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