Privileged to be listed on CSE - CTC
Managing Director and Chief Executive Officer, Ceylon
Tobacco Company, Felicio Ferraz rings the opening bell.
Finance Director, CTC, Stephan Matthiesen (on left) and
Chairman, CSE, Vajira Kulatilaka look on.
Ceylon Tobacco Company PLC (CTC) opened trading on the Colombo Stock
Exchange (CSE) on the first day of trading this month. This event was
another in a series of market opening ceremonies, featuring companies
from the S&P SL20 index.
"We have a long lasting relationship with the Colombo Stock Exchange,
as a listed entity for over 60 years (since 1952). We consider being a
listed company on the Colombo Stock Exchange as a privilege. Being
listed adds to our value, mainly in terms of governance, reporting and
transparency," said Managing Director and Chief Executive Officer,
Ceylon Tobacco Company, Felicio Ferraz.
"I would like to see other companies listing - to make (the Stock
Exchange) more vibrant as one of the leading frontier markets in the
region," he said.
"Investing in the stock market is a risky business, but you can get a
high return if you understand what you are doing and invest in the right
companies. I was happy to see, that when I arrived here in 2013, our
share price was Rs. 800 and after a year it reached Rs. 1,400," Ferraz
"I know that our industry is a controversial one, which is why we
need to give a higher return and thus we pay 100 percent dividend on our
profits. This is seen through the market cap that we have on the Stock
Exchange," he added.