BAT volumes decline

CIGARETTE manufacturer and tobacco exporter, British American Tobacco Zimbabwe (BAT) has reported an 18% fall in volumes for the first quarter of this year owing to depressed demand.

In a trading update for the quarter ended March 31, 2023, BAT said the trading environment for the quarter was characterised by rising inflation and the continued devaluation of the local currency.

The firm also noted that value added tax increased to 15% from 14,5%.

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