CTC puffs up Rs.3.05bn net profit for June quarter

15 August 2016 12:01 am - 0     - {{hitsCtrl.values.hits}}

A A A

Ceylon Tobacco Company PLC (CTC), the local unit of British American Tobacco, saw its net profit for the quarter ended June 30, 2016 (2Q16) increasing to Rs.3.05 billion from Rs.3.01 billion reported in the corresponding period of the previous year (2Q15), the interim financial accounts released to the Colombo bourse showed.  


The earnings per share improved to Rs.16.28 from Rs.16.12. The directors have recommended a second interim dividend of Rs. 16.70 per share to be paid by August 30, 2016, CTC said. 
The company reported a revenue of Rs.30.07 billion, up from Rs.26.65 billion 2Q15, helped by higher cigarette prices amid higher taxes charged and relatively stable sales volumes.
The company paid Rs.24.6 billion to the government during the quarter in the form of Excise tax, corporate tax and other levies, up from Rs.22.3 billion in 2Q15.
The quarter saw a steep increase in other operating expenses to Rs.1.36 billion from Rs.699 million yoy.


On the other hand, the net interest income rose to Rs.189 million from Rs.134 million.

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Bio Bubble Bursts on tissa safari drivers

Ukrainian tourists are visiting Sri Lanka at present with the involvement of

Army’s LRRP Ambush of LTTE’s Military Intelligence Chief

A news report in the Dailymirror last August stated that the Long Range Recon

“I don’t think Sri Lankans can be realistically ruled by force” -Ahimsa Wickrematunge

Twelve years after the assassination of Lasantha Wickrematunge, the founding

Decisions to be made in Sri Lanka’s hunt for the COVID-19 Vaccine

Around the world, governments are gearing up to roll out nationwide immunizat

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.