Uganda - British American Tobacco Uganda has announced a huge leap in its half year revenue, an indication that the firm could sustain its return to profitability. The company results released on Monday, indicate that Batu earned a profit after tax of Shs4.2 billion, for the six months to June 30, 2008, a figure, 135% higher than the revenue collected in the same period last year. The profit accrued from Shs85.3 billion which was earned from Batu’s overall cigarette and leaf sales in the same period. However, the profit should not bring much excitement to shareholders who are expecting dividends, as none, is in the pipe line. Batu’s improved revenue is greatly attributed to a 10 percent increase in cigarette sales and benefits of the revision of the company’s tobacco leaf business in 2006. More...
Posts
