BAT Uganda shareholders on the Company’s Register of Members on 20th June 2022 to receive a Final Dividend Payment of UGX 209 per share on 11th July 2022. For the latest key economic events use our free ECONOMIC CALENDAR
Tag: XUGA_BATU
BAT Uganda: Dividend Book Closure 2022
BAT Uganda shareholders registered on the books of the Company at close of business on 20th June 2022 will receive the 2021 dividend of UGX 209 per share. For the latest key economic events use our free ECONOMIC CALENDAR
BATU profit drops for first time in five years
British American Tobacco Uganda , the cigarette distributor, reported a drop in after-tax profit last year amid “an exceptionally challenging operating environment” as weak consumer spending and “illicit trade” hit its sales. The company said its gross revenue fell 42 per cent year on year to Shs93.8bn, depressed by a public spending squeeze and an […]
British American Tobacco Uganda profit drops for first time in five years
British American Tobacco Uganda ( USE:BATU ), the cigarette distributor, reported a drop in after-tax profit last year amid “an exceptionally challenging operating environment” as weak consumer spending and “illicit trade” hit its sales. The company said its gross revenue fell 42 per cent year on year to Shs93.8bn, depressed by a public spending squeeze […]
How Uganda’s thriving tobacco withered and went up in smoke
One of the few remaining tobacco farmers in Busangwa village in Hoima prepares the tobacco leaves for drying. PHOTO | MORGAN MBABAZI | NMG At the peak of production in 2013, tobacco leaf was one of Uganda’s biggest foreign exchange earners, raking in $120 million in exports revenue and employing over 75,000 farmers who were […]
Uganda cigarette maker’s profit falls 50pc
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 […]
Uganda Cigarette Maker’s Profit Falls 50%
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) […]
Covid-19, gov’t regulations impact tobacco revenues and taxes
Tobacco cigars Kampala, Uganda | THE INDEPENDENT | Uganda’s formal tobacco Industry continues to be impacted by a growing trade in illicit products, attributed to government policies which are otherwise aimed at protecting the industry. These include the implementation of anti-smoking regulations as well as the tax measures that are largely aimed at making cigarettes […]
Govt loses UGX.30b annually in smuggled cigarettes – report
Billions of shillings lost over smuggling of cigarettes in Uganda (PHOTO/File). KAMPALA – The government loses approximately Shs30 billion in revenue annually in form of smuggled cigarettes, a report commissioned by British American Tobacco (BAT-Uganda) shows. According to BAT Uganda managing director Kirunda Magoola, 44 per cent of illicit cigarettes sold in Uganda are smuggled […]
BAT Uganda Posts Gross Revenue of UGX162Bn in its 2020 Performance Report
BAT Uganda in its 2020 Performance Report showed it total cost of operations reduced by 5% to UGX50 billion. (FILE PHOTO) BAT Uganda today announced its full year results for the year ended December 31st, 2020 —posting gross revenue of UGX162 billion, profit before tax of UGX29 billion and contributions to government tax revenue of […]