Cigarette sales down by 11% in 3Q

Cigarette sales down by 11% in 3Q

Sri Lanka’s Ceylon Tobacco Company PLC (CTC) in their latest quarterly financials outline that the Government increasing the Excise duty on cigarettes in August 2018 and March 2019 lead to a price increase of legal cigarettes.As a result, the Ceylon Tobacco Company's sales volume for the third quarter ended 30th September 2019 had reduced by 11.0% in comparison to the same period last year.

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