British American Tobacco to invest Tk322 crore to grab export opportunities
In a board meeting on Wednesday, the multinational tobacco giant approved the decision
British American Tobacco (BAT) Bangladesh is ready to invest Tk322.20 crore to set up a factory in Savar to grab the growing opportunities in export markets, according to the Dhaka Stock Exchange website.
In a board meeting on Wednesday, the multinational tobacco giant approved the decision.
Early on 17 February this year, it had decided to invest Tk192.50 crore to set up a new factory in Savar for boosting cigarette exports.
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BAT, which was exporting some tobacco leaves earlier, began cigarette exports from Bangladesh in 2019.
In the first half of this year, its net revenue grew by 25% to Tk3,841.17 crore, compared to the previous year in the same period.
During the corresponding period, its net profit jumped by 44% to Tk862 crore and earnings per share stood at Tk15.96.
On Thursday's first trading session, its share price rose by 0.92% to Tk570.90 each at the Dhaka Stock Exchange.
