Tag Archives | cigarettes

“Retrospective Application of an Increase in Excise” hits BAT

By John Lee. In its full-year results, British American Tobacco (BAT) has announced that its volume and profit in Iraq were lower due to the retrospective application of an increase in excise. The company makes and sells cigarette brands including Kent, Dunhill, Pall Mall, and Rothmans. (Source: British American Tobacco)

Increase Tariffs hit BAT Iran Profits

By John Lee. In its latest Half-Year Report, British American Tobacco (BAT) has said that sales volume has increased in Iran for the first six months of the year, but profit fell due to an increase in excise duty. The company makes and sells cigarette brands including Kent, Dunhill, Pall Mall, and Rothmans. (Source: British […]

Japan Tobacco buys Iranian Cigarette Maker

Japan Tobacco International (JTI) has reportedly bought an Iranian cigarette maker in an attempt to reinforce its position as the market leader in a country prior to the expected relaxation of sanctions. The Financial Times reports that JTI Pars, its Iranian subsidiary, recently acquired the privately owned Arian Tobacco Industry (ATI) for an undisclosed amount. […]