BAT records 44% drop in profits for 2015
By Our Reporter
British American Tobacco (BAT) has recorded a drop in net profits from Ushs 36.75 billion in 2014 billion to Ushs 20.29 billion in 2015. This resulted in a 34% dip in net revenue to Ushs 178.73 billion. The company’s cost of operations was also down 34% to Ushs 141.34 billion from Ushs 214.7 billion the previous year. The slowdown in profitability was attributed to the discont