BAT raises prices to balance the decline in tobacco sales

Friday 01st May 2015 11:15 EDT
 

The world's second largest tobacco company by market share, British American Tobacco (BAT) have raised their cigarette prices to balance out a precipitating drop in smoking in the first quarter.

The BAT revealed that the volume of tobacco sold has fallen by 3.6% to 152 billion cigarettes in the first three months of the year, compared with a 1% fall in the same period last year, plus 1.4% fall overall in 2014.

There have been major declines in Russia, which was down 11%, while Vietnam had fallen by 5%.


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