Company Name : BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD
Stock Name : BAT
Date Announced : 22/04/2008
Financial Year End : 31/12/2008
Quarter : 1
Quarterly report for the financial period ended : 31/03/2008
Revenue 1,021,410
Profit/(loss) before tax 285,142
Profit/(loss) for the period 211,404
Basic earnings/(loss) per share (sen) 74.00
Proposed/Declared dividend per share (sen) 0.00
I believe that the coming Malaysia National Budget will imposes a heavier sin tax on alcohols and cigarettes because their current price is still far below the market equilibrium. Given that the price demand is pretty inelastic, another 10 to 20% increment in such taxation shouldn't cause much impact to the sin market. In fact, the government can utilize these tax money to cover other necessity subsidies.
"I demand a healthier lifestyle.
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