BATB’s profit drops as for high inflation deters smokers
British American Tobacco Bangladesh (BATB) saw a drop in its profits and sales in the January-March period of 2024, reasoning that people had cut back on smoking cigarettes amidst high inflationary pressure. The listed multinational tobacco company registered 4 percent lower sales year-on-year to Tk 9,389 crore in the first quarter of the current year. At…