The interim dividend includes
Gross profit reduced by
"This resulted from an increase in depreciation charges and refurbishment costs from upgrades to our manufacturing equipment, higher packaging costs due to growth in sales of our 10s-format brands, salary awards to employees and higher utilities charges," the company said.
In the interim period cigarette sales volumes were in line with the same period last year.
BAT hallmark brands, Madison and Everest, maintained sales volumes while premium international brand offering, Dunhill, continued to grow with volumes increasing by 65 percent.
Mr Manatsa said BAT plans to invest more capital towards its Zimbabwean business.
BAT has spent more than
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