C T Holdings PLC, formerly known as Ceylon Theatres Limited, is one of the largest conglomerate companies in Sri Lanka. The company was 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]
Ceylon Theatres Limited was founded by Chittampalam A. Gardiner and Alfred Thambiayah in 1928. It is the first Ceylonese company to enter the film screening business.[4] Four years later the company was floated. The Regal Cinema in Colombo and another in Nuwara Eliya made up the assets of the company.[5] By 1950, Ceylon Theatres was the largest film circuit in the country. The company controlled 69 permanent cinemas of which 14 were located in Colombo.[6]
In 1981, under the leadership of Albert A. Page, the company acquired Millers and Cargills venturing into retailing and distribution. In 1991 the company built the Majestic City shopping complex and cineplex. When the Government of Sri Lanka divested its stake in Lanka Ceramics Limited, Ceylon Theatres acquired 65% of the shares.[7]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 was 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]
Operationsedit
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.[8] C T Holdings operates KFC and TGI Fridays franchises in Sri Lanka.[9] 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.[10] 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 and, therefore, was conducive to repurchasing shares.[11] Millers, a subsidiary of C T Holdings gained control of the Bandarawela Hotel in 2022.[12]
^"LMD 100". lmd100.lk. LMD. Retrieved 14 September 2021.
^The Parliament of Sri Lanka (1965). Ceylon Sessional Papers. Government Press. p. 15. Retrieved 12 February 2023.
^"Ceylon Theatres". Far Eastern Economic Review. No. 31–32. Review Publishing Company Limited. 1961. p. 481. Retrieved 13 February 2023.
^Report of the Commission on Technical Needs in Press, Radio, Film Following the Survey in Twelve War Devastated Countries. UNESCO. 1950. p. 352. Retrieved 13 February 2023.
^Ganesh, Gopal (2008). Privatisation and Labour Restructuring. New Delhi: Academic Foundation. p. 92. ISBN978-81-7188-634-0. Retrieved 12 February 2023.
^"16. CT Holdings". businesstoday.lk. Business Today Online. Retrieved 26 February 2021.
^"Corporate Insights". LMD. Media Services Pvt Ltd. 19 January 2022. Retrieved 26 July 2022.
^"Ceylon Theatres forms landmark partnership with BookMyShow". Daily FT. Wijeya Newspapers. 17 April 2018. Retrieved 26 July 2022.
^"Cargills and CT Holdings go for share buyback". Daily FT. Wijeya Newspapers. 25 July 2020. Retrieved 26 July 2022.
^Weerasuriya, Sanath (11 March 2022). "Bandarawela Hotel A walk into the Colonial era". Daily Mirror. Wijeya Newspapers. Retrieved 26 July 2022 – via PressReader.
External linksedit
C T Holdings PLC profile on Colombo Stock Exchange
December 18, 2023
holdings, formerly, known, ceylon, theatres, limited, largest, conglomerate, companies, lanka, company, incorporated, 1928, chittampalam, gardiner, quoted, colombo, stock, exchange, ever, since, 2019, brand, finance, ranked, eighth, amongst, most, valuable, co. C T Holdings PLC formerly known as Ceylon Theatres Limited is one of the largest conglomerate companies in Sri Lanka The company was 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 C T Holdings PLCLogo of C T HoldingsTypePublicTraded asCSE CTHR N0000ISINLK0041N00000IndustryHolding companyEntertainment industryFinancial servicesRetailFounded1928 95 years ago 1928 FounderChittampalam A GardinerHeadquartersColombo Sri LankaKey peopleAnthony Page Chairman Emeritus Louis Page Chairman Ranjit Page Deputy Chairman Managing Director RevenueLKR196 266 billion 2023 Operating incomeLKR13 734 billion 2023 Net incomeLKR5 110 billion 2023 Total assetsLKR127 235 billion 2023 Total equityLKR35 363 billion 2023 OwnersOdeon Holdings Ceylon 42 09 Ranjit Page 8 83 Anthony Page 8 69 ParentOdeon Holdings Ceylon SubsidiariesCargills Ceylon C T Land DevelopmentKotmale HoldingsCeylon Theatres Private LimitedFootnotes references 1 Contents 1 History 2 Operations 3 See also 4 References 5 External linksHistory edit nbsp Empire Residencies building is completed in 2009Ceylon Theatres Limited was founded by Chittampalam A Gardiner and Alfred Thambiayah in 1928 It is the first Ceylonese company to enter the film screening business 4 Four years later the company was floated The Regal Cinema in Colombo and another in Nuwara Eliya made up the assets of the company 5 By 1950 Ceylon Theatres was the largest film circuit in the country The company controlled 69 permanent cinemas of which 14 were located in Colombo 6 In 1981 under the leadership of Albert A Page the company acquired Millers and Cargills venturing into retailing and distribution In 1991 the company built the Majestic City shopping complex and cineplex When the Government of Sri Lanka divested its stake in Lanka Ceramics Limited Ceylon Theatres acquired 65 of the shares 7 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 was 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 editThe 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 8 C T Holdings operates KFC and TGI Fridays franchises in Sri Lanka 9 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 10 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 and therefore was conducive to repurchasing shares 11 Millers a subsidiary of C T Holdings gained control of the Bandarawela Hotel in 2022 12 See also editList of companies listed on the Colombo Stock Exchange List of Sri Lankan public corporations by market capitalisationReferences edit a b Annual Report 2022 23 PDF cse lk C T Holdings PLC Retrieved 10 September 2023 Sri Lanka 100 2019 PDF brandfinance com Brand Finance Retrieved 14 September 2021 LMD 100 lmd100 lk LMD Retrieved 14 September 2021 The Parliament of Sri Lanka 1965 Ceylon Sessional Papers Government Press p 15 Retrieved 12 February 2023 Ceylon Theatres Far Eastern Economic Review No 31 32 Review Publishing Company Limited 1961 p 481 Retrieved 13 February 2023 Report of the Commission on Technical Needs in Press Radio Film Following the Survey in Twelve War Devastated Countries UNESCO 1950 p 352 Retrieved 13 February 2023 Ganesh Gopal 2008 Privatisation and Labour Restructuring New Delhi Academic Foundation p 92 ISBN 978 81 7188 634 0 Retrieved 12 February 2023 16 CT Holdings businesstoday lk Business Today Online Retrieved 26 February 2021 Corporate Insights LMD Media Services Pvt Ltd 19 January 2022 Retrieved 26 July 2022 Ceylon Theatres forms landmark partnership with BookMyShow Daily FT Wijeya Newspapers 17 April 2018 Retrieved 26 July 2022 Cargills and CT Holdings go for share buyback Daily FT Wijeya Newspapers 25 July 2020 Retrieved 26 July 2022 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 editC T Holdings PLC profile on Colombo Stock Exchange Retrieved from https en wikipedia org w index php title C T Holdings amp oldid 1174708646, wikipedia, wiki, book, books, library,
