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Profits for Thailand Tobacco Monopoly expected to fall 

Profits for the state-owned Thailand Tobacco Monopoly (TTM) are expected to fall more than half to just THB two billion (EUR 41.5 million) per year within five years.

This is due to competition from foreign producers and declines in cigarette smoking. Pradit Pataraprasit, deputy finance minister, said the market share for foreign brands had increased by around 1 per cent per year over the past several years to around 25 per cent now. Declining rates of smoking and new depreciation charges that the TTM must now book on recent machinery upgrades would further affect profits over the next several years, he said.

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