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The West Indian Tobacco Company Limited (WITCO) saw its profits take a hit for the nine months ended 30 September 2025, with profit before tax falling 46 per cent to $82.9 million, down $70 million from the same period last year.
The cigarette-manufacturing company’s net profit dropped 44 per cent to $60.9 million, as it grappled with shifting consumer habits and the ongoing impact of illicit trade.
Revenue came in at $332 million, marking a 13 per cent year-on-year decline.
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