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BAT resilient despite challenges

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BRITISH American Tobacco Zimbabwe (BAT) says it continues to show resilience despite pressure from the demanding operating environment, which is threatening business viability.

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This comes as the cigarette manufacturer resolved not to declare a dividend for the half year ended June 30, 2023.
“On-going currency volatility and shortages coupled with the hyper-inflationary environment have led to liquidity constraints for both consumers and the business community, impacting sales volumes for the group,” Lovemore Manatsa, the group’s chairman, said in a statement accompanying results.

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