Ceylon Tobacco Company PLC reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was LKR 50,323 million compared to LKR 54,767 million a year ago. Revenue was LKR 15,588 million compared to LKR 14,185 million a year ago. Net income was LKR 7,217 million compared to LKR 6,246 million a year ago. Basic earnings per share from continuing operations was LKR 38.53 compared to LKR 33.34 a year ago.
For the six months, sales was LKR 96,174 million compared to LKR 101,702 million a year ago. Revenue was LKR 29,738 million compared to LKR 26,894 million a year ago. Net income was LKR 14,021 million compared to LKR 12,245 million a year ago. Basic earnings per share from continuing operations was LKR 74.85 compared to LKR 65.37 a year ago.
Ceylon Tobacco Company PLC is a Sri Lanka-based manufacturer of cigarettes. The Company is engaged in the manufacturing, marketing and selling of cigarettes. The Company's multi-category brand portfolio enables it to cater to different adult consumer segments. It produces Dunhill, Benson & Hedges, John Player Gold Leaf, John Player Gold Pro John Player Navy Cut, John Player Gold, State Express 555, Shuangxi International, Bristol, and Capstan. Its product Dunhill include Dunhill Double Green, Dunhill Double Yellow, Dunhill Switch, Dunhill Blue, Dunhill Grey, and Dunhill Switch LEPP. It operates through two geographical segments: domestic and export sales. The Company has approximately 11 distributors and 68,670 traders and retailers distributing its products in Sri Lanka.
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