British American Tobacco’s NZ profits rise 14.5%

BAT Holdings' net revenue rose 2.4% to $254m in 2024. (Image: Getty)

Wed, 30 Apr 2025

The New Zealand subsidiary of British American Tobacco (BAT) increased sales and gross profit in 2024.In consolidated financial statements filed with the Companies Office, BAT Holdings reported that net profit after tax grew 14.5% to $45.6 million in the year to Dec 31. BAT's net revenue rose 2.4% to $253.9m, and gross profit, excluding the cost of sales, was up 12% to $123.9m.British American Tobacco reduced the cost of its Dunhill-branded cigarettes by $10 at the beginning of 2025. Smoking down, vaping upBAT is headquartered in...

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