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Raw material cost inflation was the single biggest factor that hurt the margins. The raw material cost surged 29% year-on-year led by the rise in prices of leaf tobacco and wood. The raw material cost as a proportion of sales rose from 40.2% in the same quarter last year to 44.6% this year.
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The now multimillionaire began his career in a call centre after failing to become a professional footballer.
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Greener software could make devices last longer and use less electricity.
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News and Media
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