Ceylon Tobacco Company facts for kids
Logo of Ceylon Tobacco Company
|
|
| Public Subsidiary | |
| Traded as |
|
| ISIN | ISIN: [https://isin.toolforge.org/?language=en&isin=LK0042N00008 LK0042N00008] |
| Industry | Tobacco |
| Founded | 1906 |
| Headquarters |
,
Sri Lanka
|
|
Key people
|
|
| Revenue |  LKR134.369 billion (2021) |
|
Operating income
|
LKR26.127 billion (2021) |
| LKR16.146 billion (2021) |
|
| Total assets | LKR26.468 billion (2021) |
| Total equity | LKR8.987 billion (2021) |
| Owners |
|
|
Number of employees
|
269 (2022) |
| Parent | British American Tobacco International Holdings BV (84.13%) |
Ceylon Tobacco Company PLC (CTC) is a company in Sri Lanka. It makes and sells cigarettes and other tobacco products. CTC is a part of a bigger company called British American Tobacco.
CTC is the only company that sells cigarettes and tobacco in Sri Lanka. British Tobacco started selling cigarettes there a long time ago. CTC's shares are traded on the Colombo Stock Exchange. This means people can buy and sell parts of the company.
Contents
Who Owns CTC?
Most of the Ceylon Tobacco Company (about 84%) is owned by British American Tobacco International. A smaller part is owned by another company called Philip Morris International.
CTC is a very valuable company in Sri Lanka. Its total value is about US$1.5 billion.
A Look at CTC's History
How the Company Started
The Ceylon Tobacco Company began in 1906. It was owned by British American Tobacco from the start. Their first office was in Prince Street, Colombo.
By 1954, CTC became a Public Limited Company. This means its shares could be bought and sold by the public. It was one of the first companies listed on the Colombo stock market.
Tobacco Farming in Sri Lanka
In the 1980s, the amount of land used for growing tobacco in Sri Lanka grew a lot. By 2010, the country was producing thousands of tons of raw tobacco. Many people worked as tobacco farmers during these years.
Cigarette Production Over Time
Cigarette making has been a big part of the tobacco business in Sri Lanka. Here is a table showing how many cigarettes were produced over several years:
| Year | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Production | 4,859 | 4,945 | 4,791 | 4,670 | 4,467 | 4,101 | 4,286 | 4,469 | 4,320 | 4,035 | 3,777 | 4,116 | 3,789 |
Government Taxes on Tobacco
The Sri Lankan government collects taxes on tobacco products. These taxes help fund government services. Sri Lanka has been taxing tobacco since 1953.
The government uses different types of taxes on tobacco. One important tax is called an excise tax. The Minister of Finance can change the tax rate. This helps the government manage how much tax is collected.
Cigarette Brands
CTC is the only company allowed to make and bring in cigarettes legally in Sri Lanka. They sell many different brands of cigarettes.
Some of their well-known brands include Dunhill and Viceroy. Viceroy replaced an older popular brand called Bristol. Other important brands are JPGL and Pall Mall. These two brands make up a large part of CTC's total sales.
