Despite weak quarterly results, the cigarette maker declared a third interim dividend of 55 sen per share amounting to RM157.04 million, payable on Nov 24. Based on the year-to-date result, BAT Malaysia expects the full year 2016 profit from operations to be lower than the previous year's. In a separate filing with Bursa Malaysia, BAT Malaysia has appointed Tan Sri Aseh Che Mat as its chairman effective Jan 1 next year. He has been with BAT Malaysia since April 11, 2012. Shares in BAT Malaysia closed up 44 sen or 0.88% at RM50.24 today, for a market value of RM14.35 billion.

Source: The Edge Markets October 24, 2016 10:41 UTC