British American Tobacco Bangladesh Company, the largest tobacco producer in the nation, experienced slight profit growth in 2023.

They suggested a 100% cash dividend, the lowest in ten years. This dividend drop reflects the impact of various economic factors on the company’s finances.

In 2023, the profit reached Tk 17.88 billion, up by just 0.03% from Tk 1,7.87 billion in 2022.

According to Dhaka Stock Exchange filings, BAT Bangladesh’s earnings per share for 2023 were Tk 33.11, compared to Tk 33.10 in 2022.

Higher expenses, driven by ongoing inflation and taka devaluation, were cited as the main reason for the modest profit increase.

In 2023, the company’s net operating cash flow per share dropped to Tk 18.9 from Tk 50.04 the previous year. This was due to increased payments to the government for VAT, duty, and taxes, as well as payments to suppliers for materials and expenses.