BAT’s tobacco tax payments worth as much as NZ government returns from all SOEs in 2011

Wed, 04 Jul 2012

By Paul McBeth July 04 (BusinessDesk) - July 4 (BusinessDesk) - British American Tobacco Holdings (New Zealand), the local unit of the maker of Benson & Hedges, Dunhill and Lucky Strike cigarettes, paid $801.2 million in excise tax last year, as much as the government reaped from all 16 state-owned enterprises, its accounts show. Profit rose 4.1 percent to $120.7 million in calendar 2011, according to the Auckland-based company's financial statements lodged with the Companies Office. Sales slipped to $1.06 billion from $1.08 billion a year...

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