KUALA LUMPUR: British American Tobacco (Malaysia) Bhd (BAT Malaysia) saw its net profit fall 25.6 per cent year-on-year (YoY) to RM30 million in the first quarter ended Mar 31, 2024 (Q1 2024) versus RM40.32 million in Q1 2023 mainly due to higher operating expenses with ongoing investments in the vapour business.

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