Ceylon Tobacco Company PLC Reports Unaudited Financial Results for the Second Quarter and Six Months Ended June 30, 2017; Recommends First Interim Dividend for the Six Months Ended June 30, 2017, Payable on August 30, 2017
August 14, 2017 at 03:06 pm EDT
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Ceylon Tobacco Company PLC reported unaudited financial results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported and profit before income tax of LKR 6,033 million, and profit for the period of LKR 2,957 million or LKR 15.79 per diluted share on net revenue of LKR 8,242 million against profit before income tax of LKR 5,134 million, and profit for the period of LKR 3,050 million or LKR 16.28 per diluted share on net revenue of LKR 7,560 million for the same period of last year.
For the six months, the company reported and profit before income tax of LKR 11,533 million, and profit for the period of LKR 6,152 million or LKR 32.84 per diluted share on net revenue of LKR 15,272 million against profit before income tax of LKR 10,442 million, and profit for the period of LKR 6,106 million or LKR 32.6 per diluted share on net revenue of LKR 14,955 million for the same period of last year. Net cash from operating activities was LKR 10,712 million against LKR 8,550 million for the same period of last year. Purchase of property, plant & equipment was LKR 29 million against LKR 192 million for the same period of last year.
The company's directors recommend a first interim dividend of LKR 16.00 per share for the six months ended June 30, 2017, to be paid by August 30, 2017.
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 Navy Cut, John Player Gold, State Express 555, Shuangxi International, Bristol, and Capstan. Its products include Dunhill Double Green, Dunhill Double Yellow, Dunhill Switch, Dunhill Blue, Dunhill International, Dunhill Grey and Capstan Maxxa. It operates through two geographical segments: domestic and export sales. The Company has over 12 distributors and 67,493 traders and retailers distributing its products in Sri Lanka.
Ceylon Tobacco Company PLC Reports Unaudited Financial Results for the Second Quarter and Six Months Ended June 30, 2017; Recommends First Interim Dividend for the Six Months Ended June 30, 2017, Payable on August 30, 2017
CEYLON TOBACCO COMPANY PLC 
