The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» අනං මනං! #/+?.<>
Ceylon Tobacco CTC EmptyYesterday at 3:31 pm by nihal123

» Thread for News on CSE and SL Economy
Ceylon Tobacco CTC EmptyYesterday at 9:04 am by ruwan326

» Devolution of power, civil wars, altruism, nepotism in animal world
Ceylon Tobacco CTC EmptyWed Oct 16, 2019 1:22 pm by yellow knife

» East West properties
Ceylon Tobacco CTC EmptyWed Oct 16, 2019 12:06 pm by yellow knife

» RCL - Royal Ceramics
Ceylon Tobacco CTC EmptyMon Oct 14, 2019 12:47 pm by seek

» Performance of the Market-Weekly
Ceylon Tobacco CTC EmptySat Oct 12, 2019 4:29 am by ruwan326

» Confidence to boom after election – CBSL Governor
Ceylon Tobacco CTC EmptyFri Oct 11, 2019 4:09 pm by Backstage

» Sri Lanka among top 20 rising stars of world trade
Ceylon Tobacco CTC EmptyFri Oct 11, 2019 4:08 pm by Backstage

» CLND Not to miss
Ceylon Tobacco CTC EmptyThu Oct 10, 2019 9:24 am by ruwan326

» Dividend Announcement
Ceylon Tobacco CTC EmptyWed Oct 09, 2019 4:59 pm by Rana

» අපි නොදන්න ගීතයක කතාව
Ceylon Tobacco CTC EmptyFri Oct 04, 2019 11:55 am by nuwanmja

» මූඩීස් ප්‍රකාශය පිළිගන්න බැහැ – මහ බැංකුව කියයි
Ceylon Tobacco CTC EmptyWed Oct 02, 2019 6:46 am by nihal123

» ආර්ථික වර්ධනය 2.7% ට බසී
Ceylon Tobacco CTC EmptyTue Oct 01, 2019 1:29 pm by nihal123

» Ranil agrees to give Sajith candidacy - AdaDetana
Ceylon Tobacco CTC EmptyThu Sep 26, 2019 5:05 pm by mymoney

» Cracks in the Real Estate Sector
Ceylon Tobacco CTC EmptyThu Sep 26, 2019 2:44 pm by chutiputha

» Films - To Watch List
Ceylon Tobacco CTC EmptyFri Sep 20, 2019 8:38 am by Topcat

» ෆිනෑන්ස් බලපත්‍රය අවලංගුයි. අද සිට මුදල් ව්‍යාපාර බැහැ
Ceylon Tobacco CTC EmptyFri Sep 20, 2019 7:53 am by serene

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Ceylon Tobacco CTC EmptyThu Sep 19, 2019 4:33 pm by nuwanmja

» Easter Sunday Attack and Sri Lanka
Ceylon Tobacco CTC EmptyThu Sep 19, 2019 12:49 pm by Ethical Trader

» Trading Journal
Ceylon Tobacco CTC EmptyWed Sep 18, 2019 9:01 am by CK

» Thought for the day...
Ceylon Tobacco CTC EmptyTue Sep 17, 2019 5:44 pm by sashimaal

» කැසිනෝ ව්‍යාපාරික රවී විජේරත්න, අර්බුදයට පත් MTD Walkers මිල දී ගැනීමට සැරසෙයි
Ceylon Tobacco CTC EmptyMon Sep 09, 2019 7:47 pm by nihal123

» Happy Birthday
Ceylon Tobacco CTC EmptyMon Sep 09, 2019 10:54 am by nuwanmja

»  Rajgama Heroes !
Ceylon Tobacco CTC EmptySat Sep 07, 2019 10:24 am by කිත්සිරි ද සිල්වා

» Yahoo mail
Ceylon Tobacco CTC EmptyFri Sep 06, 2019 5:38 pm by Rana

» Thread for News on International Markets
Ceylon Tobacco CTC EmptyFri Sep 06, 2019 9:50 am by The Invisible

» JINS.N0000 ( Janashakthi Insurance PLC)
Ceylon Tobacco CTC EmptyFri Sep 06, 2019 9:47 am by The Invisible

» Browns Investments update
Ceylon Tobacco CTC EmptyFri Sep 06, 2019 6:00 am by sanjulanka

» Hayleys MGT
Ceylon Tobacco CTC EmptyFri Sep 06, 2019 5:55 am by The Invisible

» SEYB.N0000 ( SEYLAN BANK PLC )
Ceylon Tobacco CTC EmptyThu Sep 05, 2019 8:47 pm by soileconomy

» Tourism Sector
Ceylon Tobacco CTC EmptyThu Sep 05, 2019 6:08 pm by NIRMALSG

» TJL.N0000 (Textured Jersey Lanka PLC.)
Ceylon Tobacco CTC EmptyTue Sep 03, 2019 6:12 pm by Ethical Trader

» UBC Union Bank of Colombo
Ceylon Tobacco CTC EmptyTue Sep 03, 2019 12:09 pm by The Invisible

» Obituary Notice.
Ceylon Tobacco CTC EmptyMon Sep 02, 2019 10:34 pm by කිත්සිරි ද සිල්වා

» Thread for News on Local and Foreign Politics
Ceylon Tobacco CTC EmptySat Aug 31, 2019 5:13 pm by The Invisible

» Sri Lanka bank profitability under pressure: Moody’s
Ceylon Tobacco CTC EmptySat Aug 31, 2019 8:44 am by The Invisible

» ‘වැඩකාරයාගේ නමත් සිරිසේන’ කියලා හිනාවුණා
Ceylon Tobacco CTC EmptyFri Aug 30, 2019 4:05 pm by sanjulanka

» 8000 Post Club | Celebration of a Great Milestone කිත්සිරි ද සිල්වා
Ceylon Tobacco CTC EmptyThu Aug 29, 2019 7:17 pm by කිත්සිරි ද සිල්වා

» In the Meantime, Within Our Shores !
Ceylon Tobacco CTC EmptyThu Aug 29, 2019 10:37 am by කිත්සිරි ද සිල්වා

» Sri Lanka to call for bids to develop Mannar Basin natural gas find
Ceylon Tobacco CTC EmptyTue Aug 27, 2019 4:32 pm by nuwanmja

» “බිරිඳගේ සහ පෙම්වතියගේ වෙනස මොකක්ද?”
Ceylon Tobacco CTC EmptySun Aug 25, 2019 11:51 pm by sanjulanka

» The Central Bank of Sri Lanka Reduces its Policy Interest Rates
Ceylon Tobacco CTC EmptySat Aug 24, 2019 4:26 am by Ethical Trader

» JKH - 155/00 Breakout is pending
Ceylon Tobacco CTC EmptyFri Aug 23, 2019 2:21 pm by pjrngroup

» Tokyo as at 21.08.2019 Morning
Ceylon Tobacco CTC EmptyWed Aug 21, 2019 10:07 am by nisashi

» What Would You Do?
Ceylon Tobacco CTC EmptyMon Aug 19, 2019 1:02 pm by කිත්සිරි ද සිල්වා

» Back of the Legends
Ceylon Tobacco CTC EmptyMon Aug 19, 2019 10:13 am by Topcat

» NTB.N0000 (NATIONS TRUST BANK PLC)
Ceylon Tobacco CTC EmptySun Aug 18, 2019 10:33 pm by lanka

» Melstacorp (MELS)
Ceylon Tobacco CTC EmptySun Aug 18, 2019 8:33 pm by The Invisible

» Cargills (CARG)
Ceylon Tobacco CTC EmptySun Aug 18, 2019 8:26 pm by The Invisible

» SHL.N0000 (Softlogic Holdings PLC)
Ceylon Tobacco CTC EmptySun Aug 18, 2019 8:14 pm by The Invisible

October 2019
SunMonTueWedThuFriSat
  12345
6789101112
13141516171819
20212223242526
2728293031  

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Ceylon Tobacco CTC

Go down

Ceylon Tobacco CTC Empty Ceylon Tobacco CTC

Post by The Invisible on Sat Aug 10, 2019 10:26 am

Sri Lanka BAT unit June profits grow amid favourable weather

ECONOMYNEXT- Ceylon Tobacco Company Plc, the Sri Lankan unit of British American Tobacco, said that its net profits for the June quarter grew 7.5 percent from a year earlier to 4.7 billion rupees amid favourable weather and cost cutting to manage lower sales from an excise duty hike.
Earnings per share for the quarter were 25 rupees. For the 6 months to June, earnings per share were 46.68 rupees. The CTC share closed trading at 1,298.80 rupees on Thursday.
The firm's net revenue for the June quarter fell 6.8 percent to 36.2 billion rupees, while government levies on sales fell 8.6 percent to 27.6 billion rupees, leading to net revenue falling 10.3 percent to 8.6 billion rupees.

CTC, in a earnings statement, said that sales volumes fell due to excise duties on cigarettes being raised in quick succession in August 2018 and March 2019, and low consumer sentiment following the Easter Sunday attack.

Sales volumes of cigarette sticks had fallen 21.5 percent from a year earlier in the June quarter, the firm said.

Raw material costs fell 42 percent to 389 million rupees.

The firm said that with favourable weather, it has sourced more local leaf during the quarter, compared to high importation of tobacco leaf over the past two years due to poor weather.

Sri Lanka had experienced one of the worst droughts of the last 4 decades in 2017 and 2018, which had hit crop growing.

Other operating costs in June fell 31.4 percent to 589 million rupees amidst the firm's continuing efforts to cut costs to maintain profitability.

CTC warned that the growth in low-taxed and illegally smuggled cigarettes are a threat to the firm's sales and profitability.

Sri Lanka’s consumption of smuggled illegal cigarettes is estimated to exceed 500 million sticks annually, the company said.

This situation is expected to escalate as the price gap between the legal and illegal product widens, resulting from constant price hikes targeting the legal product, CTC said. (Colombo/09 Aug/2019)
The Invisible
The Invisible

Posts : 1227
Join date : 2016-11-28
Age : 40

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum