British-American Tobacco has more than tripled its sales in the Czech Republic since 2004 to CZK 11,860 mil in 2012. This implies an average annual growth of 9.1% A similar trend has been seen on the profit side. In 2012, the Company reached a net profit of CZK 388 mil, or an average annual growth of 12.8% since 2004.
Being a fully-owned subsidiary of a multinational company, analyzing ratios might be tricky and often misleading due to various accounting anomalies. Having said that, a return on capital employed of 17.5% reached in the last decade is not bad at all.
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