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
CSE: CTC.N0000
Industry
  • Tobacco
  • Food and Beverage
Founded1906 (1906)
Headquarters
Colombo
,
Sri Lanka
Area served
Sri Lanka
Key people
Revenue US$ 780 million (2019)[1]
US$ 152.983 million (2019)[1]
US$ 95.348 million (2019)[1]
Total assets US$ 147.337 million (2019)[1]
Total equity 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]

Ownership

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]

History

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]

References
  1. "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.
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