Ceylon Tobacco Company, Sri Lanka's largest tax contributor, posted a profit of 7.69 billion rupees for the June quarter, up 4.5% year-on-year, though its overall turnover declined from the previous year.
Ceylon Tobacco Company delivered mixed financial results for the quarter ending 30 June 2026, with net profit increasing to 7.69 billion rupees compared to the same period last year, according to EconomyNext. The improvement represented a 4.5 percent rise, with earnings per share climbing to 41.07 rupees from 39.32 rupees in the corresponding 2025 quarter.
However, the company's top-line performance showed weakness. Quarterly turnover fell to 52.44 billion rupees from 55.14 billion rupees year-on-year, while net revenue declined to 16.57 billion rupees after deducting 35.87 billion rupees in government levies. Despite these headwinds, management attributed the profit increase to cost discipline and operational efficiency measures deployed amid difficult macroeconomic conditions.
The company maintained its strong fiscal contribution to government finances, remitting 41.8 billion rupees for the quarter through levies and income tax combined. The board approved a second interim dividend of 41.00 rupees per share, scheduled for payment by mid-September, reflecting confidence in the company's cash position. As of quarter-end, Ceylon Tobacco held 25.31 billion rupees in cash and equivalents, with total assets reaching 45.05 billion rupees.
British American Tobacco International Holdings B.V. retained its controlling stake at 84.13 percent. Share prices responded positively, rising 1.70 percent to trade at 1,829.75 rupees following the results announcement.
