would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc.. 
Home
Aug 15, 2012 (LBT) - Ceylon Tobacco Company (CTC) is the sole legal manufacturer and distributor of cigarettes in Sri Lanka. CTC is likely to deliver net profit Cagr of 10.1% in CY12-14ii due to price increases and the shift towards high price points in its product portfolio.
Accordingly, Ebitda margins are expected to improve over the next three years despite rising costs from LKR devaluation and higher excise duty on imported raw materials. Further, we expect net revenue Cagr of 9.6% over CY12-14ii despite a modest dip in volumes. Sales from the Northern and Eastern Provinces will taper off from a high base and the increasingly restrictive policy environment will slow down consumption. We initiate coverage with SELL and a 12-month target price of LKR482.
http://lbt.lk/corporate/results/2439-great-expectation
Accordingly, Ebitda margins are expected to improve over the next three years despite rising costs from LKR devaluation and higher excise duty on imported raw materials. Further, we expect net revenue Cagr of 9.6% over CY12-14ii despite a modest dip in volumes. Sales from the Northern and Eastern Provinces will taper off from a high base and the increasingly restrictive policy environment will slow down consumption. We initiate coverage with SELL and a 12-month target price of LKR482.
http://lbt.lk/corporate/results/2439-great-expectation
