Ceylon Tobacco Company

Ceylon Tobacco Company PLC (CTC) is a Sri Lankan tobacco company engaged in the manufacture, marketing and export of cigarettes.[4] It is a subsidiary of British American Tobacco.[5][6]

Ceylon Tobacco Company PLC
TypePublic
CSECTC.N0000
Industry
  • Tobacco
  • Food and Beverage
Founded1906; 115 years ago (1906)
Headquarters,
Area served
Sri Lanka
Key people
RevenueIncrease US$ 780 million (2019)[1]
Increase US$ 152.983 million (2019)[1]
Increase US$ 95.348 million (2019)[1]
Total assetsDecrease US$ 147.337 million (2019)[1]
Total equityDecrease US$ 25.535 million (2019)[1]
OwnerBritish American Tobacco
Number of employees
270 (2019)
ParentBritish American Tobacco Holdings (Sri Lanka) BV (84.13%)
Philip Morris International (8.32%)[1]
Websiteceylontobaccocompany.com
Footnotes / references
[2][3]

OwnershipEdit

84% of the company is owned by British American Tobacco International and minor stake owned another famous tobacco company Philip Morris International. Company market capitalization approximately US$1.5 billion. It is the most valuable company in Sri Lanka.[7]

HistoryEdit

The Company started in 1906 and was owned by the British American Tobacco. Its first office was located in Prince Street, Colombo. By 1954, the company had become a Public Limited Company, company listed on Colombo stock market since 1950s. It's the earliest stock listed company in Sri Lanka.[8] In 1980s Sri Lanka total tobacco crops increase to 15,594 ha.[9] By 2010 it was producing 3.189 metric tons.[10]

ReferencesEdit

  1. ^ a b c d e f "Ceylon Tobacco Company Annual Report 2019" (PDF). Ceylon Tobacco Company.
  2. ^ "Ceylon Tobacco Company Annual Report 2012" (PDF). Colombo Stock Exchange. p. 70. Archived from the original (PDF) on 2013-12-15. Retrieved 2013-12-15.
  3. ^ "Ceylon Tobacco Company Annual Report 2012" (PDF). Colombo Stock Exchange. p. 72. Archived from the original (PDF) on 2013-12-15. Retrieved 2013-12-15.
  4. ^ "Ceylon Tobacco Company PLC". Financial Times.
  5. ^ Samath, Feizal (21 February 1999). "Snags hold up cigarettes and alcohol advertising ban law". The Sunday Times (Sri Lanka).
  6. ^ "Maithripala's outburst shocks Sri Lanka Inc, CTC denies". Daily FT. 26 September 2013. Archived from the original on 15 December 2013. Retrieved 15 December 2013.
  7. ^ LBO (2018-08-13). "Ceylon Tobacco (CTC) pays taxes of Rs63bn, keeps Rs8bn for itself at halfway mark for 2018". Lanka Business Online. Retrieved 2020-11-13.
  8. ^ "Ceylon Tobacco Company - Our history". www.ceylontobaccocompany.com. Retrieved 2020-11-13.
  9. ^ "UNdata | record view | Tobacco, unmanufactured". data.un.org. Retrieved 2020-11-13.
  10. ^ "World's Leading Tobacco Producing Countries". AtlasBig. Retrieved 2020-11-13.

External linksEdit