BAT bottom line down on weak consumer demand

Tobacco processor, British American Tobacco (BAT) Zimbabwe saw its profit after tax declining by 43% to $8,5 million in the year ended December 31, 2016 attributed to a decline in revenue on weak consumer demand.

Last year, profit after tax was $15,47 million.

Revenue declined by 25% to $34,1 million on declining volumes as the harsh economic environment affected consumer spend.

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