View source for Ceylon Tobacco Company

{{Infobox company
| name = Ceylon Tobacco Company PLC
| logo = File:Ceylon Tobacco Company Logo.png
| logo_size = 
| logo_caption = 
| image = 
| image_caption = 
| trading_name = 
| native_name = 
| native_name_lang = 
| romanized = 
| former type = 
| type = [[Public company|Public]]
| traded_as = {{Colombo Stock Exchange|CTC.N0000}}
| industry = {{ubl|Tobacco|Food and Beverage}}
| genre = 
| fate = 
| predecessor = 
| successor = 
| foundation = {{start date and age|df=yes|1906}}
| founder = 
| defunct = 
| location_city = [[Colombo]]
| location_country = [[Sri Lanka]]
| locations = 
| area_served = Sri Lanka
| key_people = {{ubl|Suresh Kumar<small>([[Chairman]])</small>|Nedal Salem <small>([[CEO]])</small>}}
| products = 
| production = 
| services = 
| revenue = {{Decrease}} [[Sri Lankan rupee|Rs]] 132.148 billion <small>(2020)</small><ref name="ctc2020">{{cite web|title=Ceylon Tobacco Company Annual Report 2020|url=https://cdn.cse.lk/cmt/upload_report_file/460_1619687146669.pdf|website=Ceylon Tobacco Company |publisher=|accessdate=}}</ref>
| operating_income = {{decrease}} Rs 24.670 billion <small>(2020)</small><ref name="ctc2020"/>
| net_income = {{decrease}} Rs 15.578 billion <small>(2020)</small><ref name="ctc2020"/>
| assets = {{decrease}} Rs 21.721 billion <small>(2020)</small><ref name="ctc2020"/>
| equity = {{decrease}} Rs 4.602 billion <small>(2020)</small><ref name="ctc2020"/>
| owner = [[British American Tobacco]]
| num_employees = {{decrease}} 262 <small>(2020)</small>
| parent = British American Tobacco Holdings (Sri Lanka) BV (84.13%)<br />[[Philip Morris International]] (8.32%)<ref name="ctc2020"/>
| divisions = 
| subsid = 
| homepage = {{url|http://www.ceylontobaccocompany.com/|ceylontobaccocompany.com}}
| footnotes = <ref>{{cite web|title=Ceylon Tobacco Company Annual Report 2012|url=https://www.cse.lk/cmt/upload_report_file/460_1362481699706.pdf|publisher=[[Colombo Stock Exchange]]|page=70|access-date=2013-12-15|archive-url=https://web.archive.org/web/20131215173810/https://www.cse.lk/cmt/upload_report_file/460_1362481699706.pdf|archive-date=2013-12-15|url-status=dead}}</ref><ref>{{cite web|title=Ceylon Tobacco Company Annual Report 2012|url=https://www.cse.lk/cmt/upload_report_file/460_1362481699706.pdf|publisher=[[Colombo Stock Exchange]]|page=72|access-date=2013-12-15|archive-url=https://web.archive.org/web/20131215173810/https://www.cse.lk/cmt/upload_report_file/460_1362481699706.pdf|archive-date=2013-12-15|url-status=dead}}</ref>
| intl = 
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}}
'''Ceylon Tobacco Company PLC''' (CTC) is a [[Sri Lanka]]n [[tobacco]] company engaged in the manufacture, marketing and export of [[cigarette]]s.<ref name=":0">{{cite web|title=Ceylon Tobacco Company PLC|url=http://markets.ft.com/research/Markets/Tearsheets/Business-profile?s=CTC.N0000:CSE|publisher=[[Financial Times]]}}</ref> It is a subsidiary of [[British American Tobacco]].<ref>{{cite news|last=Samath|first=Feizal|title=Snags hold up cigarettes and alcohol advertising ban law|url=http://www.sundaytimes.lk/990221/bus2.html|newspaper=[[The Sunday Times (Sri Lanka)]]|date=21 February 1999}}</ref><ref>{{cite news|title=Maithripala's outburst shocks Sri Lanka Inc, CTC denies|url=http://www.ft.lk/2013/09/26/maithripalas-outburst-shocks-sri-lanka-inc-ctc-denies/|newspaper=[[Daily FT]]|date=26 September 2013|access-date=15 December 2013|archive-url=https://web.archive.org/web/20131215171838/http://www.ft.lk/2013/09/26/maithripalas-outburst-shocks-sri-lanka-inc-ctc-denies/|archive-date=15 December 2013|url-status=dead}}</ref> CTC holds the monopoly of cigarette and tobacco sales in Sri Lanka. British Tobacco start sale cigarette in 1904-1911. CTC has a primary listing on the Colombo Stock Exchange since 1980s.<ref>{{Cite web|title=Colombo Stock Exchange|url=https://cse.lk/|access-date=2021-12-30|website=Colombo Stock Exchange}}</ref>

==Ownership==
84% of the company is owned by British American Tobacco International and minor stake owned by [[Philip Morris International]].
Company market capitalization is approximately US$1.5 billion. It is the most valuable company in Sri Lanka.<ref name=":1">{{Cite web|last=LBO|date=2018-08-13|title=Ceylon Tobacco (CTC) pays taxes of Rs63bn, keeps Rs8bn for itself at halfway mark for 2018|url=https://www.lankabusinessonline.com/ceylon-tobacco-ctc-pays-taxes-of-rs63bn-keeps-rs8bn-for-itself-at-halfway-mark-for-2018/|access-date=2020-11-13|website=Lanka Business Online|language=en-US}}</ref>

== History ==
In 1905, the [[British Ceylon]] Government's leaf restraining infrastructure was reached out to a total takeover of all tobacco business activities in the country, including all made tobacco items like ''dumkola''. Before 20th Century 90% of raw tobacco brought into the [[United Kingdom of Great Britain and Ireland|United Kingdom]].<ref>{{Cite book|last=Maclaren|first=W. A. Ed|url=http://archive.org/details/in.ernet.dli.2015.462912|title=Coffee, Spices And Tobacco|date=1923}}</ref>

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.<ref>{{Cite web|title=Ceylon Tobacco Company - Our history|url=http://www.ceylontobaccocompany.com/group/sites/SRI_9PMJN9.nsf/vwPagesWebLive/DOBJBG6P|access-date=2020-11-13|website=www.ceylontobaccocompany.com}}</ref> In 1980s Sri Lanka total tobacco crops increase to 15,594 ha.<ref>{{Cite web|title=UNdata {{!}} record view {{!}} Tobacco, unmanufactured|url=http://data.un.org/Data.aspx?d=FAO&f=itemCode:826|access-date=2020-11-13|website=data.un.org}}</ref> By 2010 it was producing 3.189 metric tons. The number of registered tobacco growers rose during the 1980s and most of the 1990s, but fell sharply in 1998 and 1999. It is estimated that tobacco growing provides between 5,355 and 16,580 full time equivalent jobs.<ref>{{Cite web|title=World's Leading Tobacco Producing Countries|url=https://www.atlasbig.com/en-gb/countries-by-tobacco-production|access-date=2020-11-13|website=AtlasBig|language=en}}</ref>

In 1997 cigarette manufacturing accounts for an estimated 89% of the value and 50% of the volume of all tobacco products sold in Sri Lanka. The 2018 survey found that 45.7% of men and 5.3% of women currently used tobacco.<ref>{{Cite web|title=WHO Sri Lanka Country report|url=https://who.int/iris/bitstream/handle/10665/272688/wntd_2018_srilanka_fs.pdf?sequence=1|url-status=live|website=[[WHO]]}}</ref>
{| class="wikitable"
|+Cigarette production<ref name=":2" />
!
!2004
!2005
!2006
!2007
!2008
!2009
!2010
!2011
!2012
!2013
!2014
!2015
!2016
|-
|Production (million stick)
|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
|-
|Revenue (billion LKR)
|23.5
|27
|30.1
|31.4
|37.3
|37.6
|40.7
|49.6
|53.6
|58.6
|57.2
|80
|88.8
|-
|Raw tobacco (tons)
|4,390
|4,210
|3,710
|4,150
|3,770
|3,810
|4,200
|3,470
|3,620
|5,040
|3,322
|
|
|}

== Government TAX ==
{| class="wikitable"
|+Price components Goldleaf cigarette (LKR)<ref>{{Cite web|title=Tobacco Control Legislation and Taxation|url=https://documents1.worldbank.org/curated/en/478361561398136333/pdf/Sri-Lanka-Overview-of-Tobacco-Use-Tobacco-Control-Legislation-and-Taxation.pdf|url-status=live|website=[[World Bank]]|archive-url=https://web.archive.org/web/20201207075900/http://documents1.worldbank.org/curated/en/478361561398136333/pdf/Sri-Lanka-Overview-of-Tobacco-Use-Tobacco-Control-Legislation-and-Taxation.pdf |archive-date=2020-12-07 }}</ref>
!
!2008
!2009
!2010
!2011
!2012
!2013
!2014
!2015
!2016
|-
|Price
|16
|18
|20
|22
|25
|28
|30
|33
|50
|-
|VAT
|2.09
|1.93
|2.14
|2.36
|2.68
|3.00
|3.21
|0
|0.7
|-
|Tax share 
|75.5% 
|72.2%
|69%
|67.8%
|67.9%
|66.2%
|68.1%
|65.5%
|76%
|}
Sri Lanka direct and indirect cost of tobacco amounted to LKR 110 billion (the equivalent if 7% if Government revenue) Sri Lankan Government has been taxing tobacco since 1953. Tobacco tax collection in Sri Lanka has as of late been portrayed by politicisation and nearsightedness that brought about problematic accomplishment of monetary and wellbeing destinations. In any case, tobacco stays an essential supporter of the Treasury and it is important that policymakers get in right.<ref name=":2">{{Cite web |title=Sri Lanka Tobacco use and taxation |url=https://cdn.cse.lk/cmt/upload_report_file/460_1555498758602.pdf |access-date=2021-12-30 |website= |archive-url=https://web.archive.org/web/20200219002440/https://cdn.cse.lk/cmt/upload_report_file/460_1555498758602.pdf |archive-date=19 February 2020 |url-status=dead}}</ref>

Sri Lanka demands a combination of assessments on tobacco among which extract charges are observable. From 1999 the tobacco charge was stretched out to incorporate produced tobacco further the Minister of Finance in control was given power to change the expense rate by a request distributed in the public authority Periodical.<ref>{{Cite web|title=Developing a sensible stance on tobacco taxation {{!}} Daily FT|url=https://www.ft.lk/opinion/Developing-a-sensible-stance-on-tobacco-taxation/14-708634|access-date=2021-12-30|website=www.ft.lk|language=English}}</ref>

{{Graph:Chart|width=500|height=250|xAxisTitle=|yAxisTitle=Tobacco Tax Revenue (LKR Mn)|y1Title=|type=line|x=2000,2001,2002,2003,2004,2005,2006,2007,2008,2009,2010,2011,2012,2013,2014,2015,2016,2017,2018|y1=96000, 81000, 76400, 72100, 78000, 75800, 59000, 58300, 59000, 57700, 55060, 54000, 53600, 54020, 50300, 54500, 53000, 48200, 47800}}

== Brands ==
CTC is the only legal cigarette manufacture and importer in Sri Lanka. The total marketable space is 5 billion sticks. The ''beedi'' market is around 2.3 billion sticks. According to the company it has 95% of the total market with 5% to illicit trade. BAT's decision to concentrate efforts on six Global Drive Brands has resulted in changes in CTC's brand portfolio, with newer brands like Dunhill and Viceroy being introduced over the past few years. Viceroy replaced Bristol which was the leading low price brand. Efforts to move consumers from Bristol to Goldleaf has retained 83% of their Bristol market segment along with 70% of volumes. JPGL and Pall Mall together brings 70% of the total sales.<ref>{{Cite web|title=Sri Lanka- Country Profile - TobaccoTactics|url=https://tobaccotactics.org/wiki/sri-lanka-country-profile/|access-date=2021-12-30|website=tobaccotactics.org|language=en}}</ref>

==References==
{{Reflist|30em}}

==External links==
* {{Official website|http://www.ceylontobaccocompany.com/}}

{{British American Tobacco}}
{{S&P SL20}}
{{All Share Price Index}}

{{Authority control}}

[[Category:1932 establishments in Ceylon]]
[[Category:British American Tobacco]]
[[Category:Companies listed on the Colombo Stock Exchange]]
[[Category:Food and drink companies of Sri Lanka]]
[[Category:Tobacco companies of Sri Lanka]]