BAT cuts revenue forecast due to Covid-19
The tobacco giant has cited a pronounced effect from the pandemic on emerging markets
09 June 2020 - 09:01
Tobacco firm British American Tobacco (BAT), the maker of Dunhill and Lucky Strike, has cut its revenue forecast for the year to end-December, citing a pronounced effect from Covid-19 on Bangladesh, Vietnam and Malaysia.
The group now expects adjusted revenue growth of between 1% and 3% in constant currency terms, having previously given guidance of towards the lower end of a 3%-5% range...
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