BAT hit by tough times in Brazil and Japan, remains optimistic on future
ReutersLONDON -- British American Tobacco (BAT), the world's second-biggest cigarette maker, saw nine-month volumes fall after weaker demand in markets including Brazil and Japan.
October 25, 2012, 12:10 am TWN
The British maker of Dunhill, Kent, Lucky Strike and Pall Mall cigarettes, said volumes were down 1.2 percent from subsidiaries to 517 billion, while organic volumes were 1.8-percent lower as a result of the overall industry decline.
BAT said on Wednesday it still expected another year of good earnings growth after nine-month revenue grew 4 percent at constant currency, helped by good pricing.