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· Agricultural
· Business (Tobacco)
non-USA, by Country
· Uganda
Organizations
· BAT
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Jump to full article: (Kampala, Uganda) Monitor, 2008-03-21
Author: WALTER WAFULA
Intro: BRITISH American Tobacco Uganda is back to profitability after three years of persistent losses. The tobacco leaf exporter announced Shs6.1 billion profit after tax (Shs3.3 billion), in the 12 months to December 31, 2007 compared to a loss of Shs10.1 billion in 2006.
Mr Isaac Ampeire, Batu’s company secretary attributed the growth to change in the company’s strategy to reshape its leaf business arm, which translated into growth of sales.
“The new strategy focused on business re-modeling to optimise cost and increase competitiveness of our tobacco in the world export market,” Mr Ampeire said in a statement that accompanied the company’s full year results.
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