× Digital News Videos Health & Science Opinion Education Columnists Lifestyle Cartoons Moi Cabinets Kibaki Cabinets Arts & Culture Podcasts E-Paper Tributes Lifestyle & Entertainment Nairobian Entertainment Eve Woman TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
Watch The Tokyo Olympics 2020 live online

BAT posts Sh2.5 billion after tax profit

By Frankline Sunday | July 16th 2020

Cigarette manufacturer British American Tobacco Kenya posted Sh2.5billion in profit after tax in the last financial year, with the company blaming the COVID-19 pandemic and new excise taxes for a 13 per cent fall in earnings.

The company’s latest financial report indicates gross revenues fell from sh19.2billion in 2019 to Sh16.6 billion on account of closed retail stores and economic constraints faced by consumers.

“Gross revenue reduced by 13.6 per cent to Sh16.6 billion driven by lower domestic and export revenue reflecting the adverse economic impact of the COVID-19 pandemic and the impact of excise-led price increases at the beginning of the year on consumer affordability and illicit trade incidence in Kenya,” said the company in a statement accompanying the results.

The company has approved an interim dividend of Sh3.50 for the year ended 31st December 2020.

Covid 19 Time Series


Share this story
Crystal Palace tried to sign Mason Greenwood last summer
Manchester United striker Mason Greenwood has enjoyed a sensational breakthrough campaign
Why Kenyan boxers are winning medals once again
The BFK led by President Anthony ‘Jamal’ Ombok was elected into the office in 2019 and has since...