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SERV - The Kingsbury EmptyToday at 4:34 pm by Rana

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» SERV - The Kingsbury
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» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
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» සුබ පාස්කූ මංගල්ලයක් වේවා !
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» Lessons from movies
SERV - The Kingsbury EmptyTue Apr 23, 2019 8:26 am by කිත්සිරි ද සිල්වා

» DFCC.N0000 ( DFCC BANK PLC )
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» Thread for News on Local and Foreign Politics
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» Happy Birthday
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» Little Known Facts !
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» HASU.N0000 (HNB ASSURANCE PLC)
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» EAST WEST PROPERTIES PLC (EAST.N0000)
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» අසිරිමත් සුබ නව වසරකට ආසිරි !
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» SEYLAN DEVELOPMENTS PLC (CSD.N0000)
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» East West properties
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» HHL.N0000 ( Hemas Holdings PLC)
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» අනං මනං! #/+?.<>
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» CONN.N0000
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» LION.N0000 (Lion Brewery Ceylon PLC)
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»  5000 Post Milestone - Congratulations
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» NTB.N0000 (NATIONS TRUST BANK PLC)
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» Micro Finance
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» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
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» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
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» PLC.N0000 ( People's Leasing and Fiance PLC)
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» VPEL.N0000 (VALLIBEL POWER ERATHNA PLC )
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» SAMP.N0000 (SAMPATH BANK PLC)
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» Sinhala Cinema
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» SEYB.N0000 ( SEYLAN BANK PLC )
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» LIOC.N0000 (Lanka IOC PLC)
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» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
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» Plantation sector updates
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» What to Analyse
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» MTD WALKERS - KAPI
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» VONE.N0000 (VALLIBEL ONE PLC)
SERV - The Kingsbury EmptySun Mar 31, 2019 6:09 pm by lanka

» In the Meantime, Within Our Shores !
SERV - The Kingsbury EmptySun Mar 31, 2019 11:22 am by කිත්සිරි ද සිල්වා

» PB. N0000 (People's Bank)
SERV - The Kingsbury EmptyFri Mar 29, 2019 5:33 pm by yellow knife

» Obituary Notice.
SERV - The Kingsbury EmptyFri Mar 29, 2019 5:07 pm by කිත්සිරි ද සිල්වා

» Re: Financial reports Q1-2019
SERV - The Kingsbury EmptyFri Mar 29, 2019 7:45 am by serene

» Save Wilpattu !
SERV - The Kingsbury EmptyThu Mar 28, 2019 1:58 pm by puliyanam

» Help him Today, so he can help another Tomorrow
SERV - The Kingsbury EmptyThu Mar 28, 2019 7:49 am by serene

» HNB.N0000 ( Hatton National Bank PLC)
SERV - The Kingsbury EmptyTue Mar 26, 2019 6:18 am by pjrngroup

» අපිට විතරද පායන්නේ ?
SERV - The Kingsbury EmptyMon Mar 25, 2019 9:06 pm by malanp

» Tourism sector
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» Oman's Oil and Gas Minister Dr. Al Ruhmy arrives in Lanka.
SERV - The Kingsbury EmptySun Mar 24, 2019 12:11 pm by Ethical Trader

» රෝගීන් වෙනුවෙන් කැප වන සෞඛ්‍ය සේවාවක් වෙනුවෙන්.....
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» JEWS OF SRI LANKA: AN UNTOLD STORY
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SERV - The Kingsbury

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Post by The Invisible on Thu Nov 01, 2018 10:12 am

Sri Lanka's Kingsbury hotel Sept net down 46-pct

ECONOMYNEXT - Profits at Sri Lanka's The Kingsbury Plc, the city hotel of listed conglomerate Hayleys Plc, fell 46 percent in the September quarter from a year earlier to 41.8 million rupees, on flat revenue growth and rising costs, interim accounts showed.

The hotel reported earnings of 32 cents a share in the quarter.

In the six months to end September - the off-season for tourism - earnings were 14 cents a share on a profit of 34.5 million rupees, down 32 percent from a year earlier.

The stock closed 1 rupee lower on Wednesday at 15.30 rupees.

During the quarter, revenue growth was flat from a year earlier at 834 million rupees, cost of sales fell 5 percent to 382.4 million rupees and turnover tax grew a marginal 1 percent to 26.6 million rupees resulting in gross profits growing 4 percent to 425 million rupees.

Administrative costs rose 5 percent to 282.7 million rupees.

Net finance cost increased 261 percent to 50.9 million rupees despite borrowings shrinking 11 percent from a year earlier to 1.2 billion rupees at end September 2018 and cash deposits held with banks growing 180 percent to 266.6 million rupees. (COLOMBO, 01 November 2018)
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SERV - The Kingsbury Empty Re: SERV - The Kingsbury

Post by ruwan326 on Wed Feb 13, 2019 8:08 pm

Financial Performance- Period ended 31 December 2018

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SERV - The Kingsbury Empty Re: SERV - The Kingsbury

Post by ruwan326 Today at 9:26 am

Sri Lanka's NITF to pay Rs.50mn advance to two bombed hotels
Apr 24, 2019 


Sri Lanka's state-owned National Insurance Trust Fund will pay 25 million rupees each in advance insurance claims to The Kingsbury and Cinnamon Grand Hotels following the Easter Sunday bombings, a top official said.

"We have yet to do assessments on the full extent of the damage," NITF Chairman Manjula de Silva said.
"We will be paying 25 million rupees each as an advance to two hotels," he said.

The local luxury hotels Cinnamon Grand and The Kingsbury will receive the advances, he said.
The NITF operates the Strike, Riot, Civil Commotion & Terrorism insurance fund.

Shangri-La Colombo, part of an international chain, which was the third luxury hotel that was targeted in the bombings, is covered under a global policy, de Silva said.
The Easter Bombings targeted three luxury hotels and three churches, killing over 350 people, and wounding over 500.

Among the dead were 39 foreigners, while 28 were wounded.
The government has pledged to rebuild the churches. 

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