Uganda's largest tobacco company, the British-American Tobacco (BATU), has recorded a net loss for the second year in a row. The company made a loss of $3.86 million compared with $2.71 million in 2004. A statement by the company said: "The company recorded a net loss mainly due to restructuring costs relating to the planned Jinja factory closure and higher finance costs. Turnover was down by 12 percent to 127.2 billion shillings (70. 67 million dollars) mainly due to lower leaf exports and carry- over effects from the previous year's quality of the export leaf".
