C T Holdings

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C T Holdings
TypePublic
CSE: CTHR.N0000
ISINLK0041N00000
Industry
Founded1928; 96 years ago (1928)
FounderChittampalam A. Gardiner
Headquarters
Colombo
,
Sri Lanka
Key people
RevenueIncrease LKR136,872 million (2022)
Increase LKR5,468 million (2022)
Increase LKR4,170 million (2022)
Total assetsIncrease LKR104,651 million (2022)
Total equityIncrease LKR33,343 million (2022)
Owner
  • Odeon Holdings (Ceylon) (42.09%)
  • Anthony Page (8.69%)
  • Ranjit Page (8.56%)
Subsidiaries
Footnotes / references
[1]

C T Holdings PLC, formerly known as Ceylon Theatres Limited, is one of the largest conglomerate companies in Sri Lanka. The company is incorporated in 1928 by Chittampalam A. Gardiner and quoted on the Colombo Stock Exchange ever since. In 2019, Brand Finance ranked C T Holdings eighth amongst the most valuable conglomerates in Sri Lanka with a brand value of LKR18,981 million.[2] C T Holdings also ranked eighth in the LMD 100, a list of leading listed companies in Sri Lanka by the business magazine, LMD.[3]

History

Empire Residencies building is completed in 2009

Ceylon Theatres Limited was founded by Sir Chittampalam A. Gardiner in 1928 mainly focusing on the entertainment industry.[1] In 1981, under the leadership of Albert A. Page, the company acquired Millers and Cargills venturing into retailing and distribution. In 1991 the company build the Majestic City shopping complex and cineplex. Empire Residencies, a 37 and 33-storeyed residential apartment twin-tower completed in 2009. In 2010, the company name was changed from Ceylon Theatres to C T Holdings. Kotmale Holdings, a dairy products manufacturing company is acquired in 2011. The company acquired a license to operate a commercial bank, and Cargills Bank was launched in 2014. In the same year, Cargills Square was established in Jaffna. In 2015, Empire Cineplex was established in Arcade Independence Square.[1]

Operations

The company operates cinemas such as Regal Colombo, Empire, and Majestic cinemas. The company has been described as one of the most traditionally managed family-held businesses in the country.[4] C T Holdings operates KFC and TGI Fridays franchises in Sri Lanka.[5] C T Holdings entered into a partnership with BookMyShow, an India-based online ticketing platform. The partnership allowed access to the Vista ERP system, a customisable ERP System.[6] C T Holdings announced a share repurchase plan in 2020. In the board of directors' view, the share price then did not reflect the growth prospects of the company, therefore, conducive repurchase shares.[7] Millers, a subsidiary of C T Holdings gained control of the Bandarawela Hotel in 2022.[8]

See also

References

  1. ^ a b c "Annual Report 2021/22" (PDF). cse.lk. C T Holdings PLC. Retrieved 26 July 2022.
  2. ^ "Sri Lanka 100 2019" (PDF). brandfinance.com. Brand Finance. Retrieved 14 September 2021.
  3. ^ "LMD 100". lmd100.lk. LMD. Retrieved 14 September 2021.
  4. ^ "16. CT Holdings". businesstoday.lk. Business Today Online. Retrieved 26 February 2021.
  5. ^ "Corporate Insights". LMD. Media Services Pvt Ltd. 19 January 2022. Retrieved 26 July 2022.
  6. ^ "Ceylon Theatres forms landmark partnership with BookMyShow". Daily FT. Wijeya Newspapers. 17 April 2018. Retrieved 26 July 2022.
  7. ^ "Cargills and CT Holdings go for share buyback". Daily FT. Wijeya Newspapers. 25 July 2020. Retrieved 26 July 2022.
  8. ^ Weerasuriya, Sanath (11 March 2022). "Bandarawela Hotel A walk into the Colonial era". Daily Mirror. Wijeya Newspapers. Retrieved 26 July 2022 – via PressReader.

External links

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