Uganda cigarette maker’s profit falls 50pc

British American Tobacco’s plant

British American Tobacco’s plant in Nairobi’s Industrial Area. British American Tobacco Uganda (Batu) Ltd net profits for the six months period to June 30 declined by 50 percent. PHOTO | FILE | NMG

Uganda’s cigarette seller British American Tobacco Uganda (Batu) Ltd net profits for the six months period to June 30 declined by 50 percent over a sharp reduced cigarette sales impacted by illicit cigarettes on Uganda market and disruptions by Covid-19.

The Uganda Securities Exchange listed tobacco company reported a net profit of Ush3.4 billion ($965,714) for the half-year to June 30, 2021, a decline from Ush6.8 billion for the six months period to June 30, 2020.