Kampala, Uganda | THE INDEPENDENT | British American Tobacco Uganda has recorded a 6% increase in revenues to Shs 99.5bn for the year ended Dece.31, 2022, but the profit after tax declined marginally to Shs 9.9bn. The cigarettes distributor said the 4% decline in profit after tax was attributed to a …
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Kampala, Uganda | THE INDEPENDENT | Cigarette dealer, British American Tobacco Uganda, will pay its shareholders Shs 209per share, translating into Shs 10.2billion as dividend. This is nearly 50% lower compared to Shs 19.9billion paid in 2020 due to a drop in profit. BATU pays 100% of its profit as …
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Kampala, Uganda | THE INDEPENDENT | Shareholders of British American Tobacco Uganda (BATU) will earn nearly 50% less in dividends for the year ended December 2021 owed to reduced profit. Financial results released on Feb. 25 shows that the cigarette firm recorded a sharp drop in net profit from …
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The government takes a huge chunk of revenues as taxes to reduce tobacco smoking Kampala, Uganda | THE INDEPENDENT | British American Tobacco Uganda has defied the effects of coronavirus pandemic to record a 27% surge in net profit to Shs19.9bn for the year ended December 2020. BATU will now …
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British American Tobacco Uganda, perhaps the country’s popular cigarette company on Sept.10, celebrated its 20th anniversary of its trading on the Uganda Securities Exchange. Kampala, Uganda | JULIUS BUSINGE | But the company has been in operation in the country for more than 90 years. Its share price has since …
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Kampala, Uganda | THE INDEPENDENT | British American Tobacco Uganda-BATU has reported a revenue shortfall in the first six months of 2020 due to disruptions by the coronavirus pandemic. In its financial statement issued on Wednesday, BATU says its gross revenue fell by 12 percent as a result of low …
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Huge taxes will continue to water down dividends Kampala, Uganda | ISAAC KHISA | Have you ever imagined running a company that hands over a huge chunk of its revenue to government as tax compared to shareholders’ dividends? This is the situation that managers at the British American Tobacco Uganda …
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Kampala, Uganda | ISAAC KHISA | High operating profits coupled with lower financing costs helped the tobacco maker, British American Tobacco, to record a 77% rise in net profit to Shs6.2bn for the half year ending June 30. The latest financial results shows that the company recorded an increase in the …
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Kampala, Uganda | ISAAC KHISA | Products of cigarette maker, British American Tobacco (BATU) manufactured at its Kenyan subsidiary in the East African Community will now be exempted from Uganda’s excise duties. This follows a ruling in the East African Court of Justice (EACJ) on Jan 25, barring the Uganda revenue …
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Sale of leaf business takes toll as Tobacco Control Act also gets set to bite By Patrick Kagenda In December last year, British America Tobacco Uganda (BATU) issued a public statement warning shareholders and potential investors that their profits would be significantly lower (by about 20%) than the previous year’s …
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The Independent Uganda: You get the Truth we Pay the Price