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» LIOC.N0000 (Lanka IOC PLC)
SERV - The Kingsbury EmptyYesterday at 1:02 pm by LSE

» Thread for News on CSE and SL Economy
SERV - The Kingsbury EmptyFri Jan 24, 2020 10:08 am by lanka

» Gota's Era
SERV - The Kingsbury EmptyFri Jan 24, 2020 9:33 am by yellow knife

» බැඳුම්කර වංචාවේ වෝහාරික විගණන වාර්තාව පාර්ලිමේන්තුවට
SERV - The Kingsbury EmptyFri Jan 24, 2020 7:05 am by nihal123

» අසාදුගත ව්‍යාපාරිකයින්ට රජයෙන් දුන් සහනය මෙන්න
SERV - The Kingsbury EmptyFri Jan 24, 2020 6:37 am by nihal123

» SAMP.N0000 (Sampath Bank PLC)
SERV - The Kingsbury EmptyThu Jan 23, 2020 5:55 pm by NIRMALSG

» සුරැකුම්පත් කොමිසමට නව සභාපතිවරයෙක්
SERV - The Kingsbury EmptyWed Jan 22, 2020 10:20 am by lanka

» In the Meantime, Within Our Shores !
SERV - The Kingsbury EmptyTue Jan 21, 2020 10:17 am by කිත්සිරි ද සිල්වා

» කොටස් තැරැව්කරුවෝ අගමැති මහින්ද හමුවෙති
SERV - The Kingsbury EmptyMon Jan 20, 2020 9:29 pm by nihal123

» Obituary Notice.
SERV - The Kingsbury EmptyTue Jan 14, 2020 4:14 pm by ipo

» LOLC Holdings
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» SEYB.N0000 (Seylan Bank PLC)
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» Happy Birthday
SERV - The Kingsbury EmptySun Jan 12, 2020 9:16 pm by lanka

» ශ්‍රී ලංකා කොටස් වෙළෙඳපොළ ඉතිහාසයේ දෙවැනි විශාලතම කොටස් ගනුදෙනුව අද
SERV - The Kingsbury EmptyThu Jan 09, 2020 9:59 pm by nihal123

» Hayleys MGT
SERV - The Kingsbury EmptyThu Jan 09, 2020 5:40 pm by subash

» Browns Investments update
SERV - The Kingsbury EmptyThu Jan 09, 2020 10:42 am by The Invisible

» Tokyo Cement
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» Lanka Tiles
SERV - The Kingsbury EmptyWed Jan 08, 2020 10:44 pm by The Invisible

» RCL - Royal Ceramics
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» AEL Access Engineering
SERV - The Kingsbury EmptyWed Jan 08, 2020 10:30 pm by The Invisible

» Sri Lanka central bank to develop a cost-based rate to price loans
SERV - The Kingsbury EmptyWed Jan 08, 2020 10:21 pm by The Invisible

» Dialog Finance
SERV - The Kingsbury EmptyWed Jan 08, 2020 10:19 pm by The Invisible

» Tourism Sector
SERV - The Kingsbury EmptyTue Jan 07, 2020 2:05 pm by nihal123

» Expolanka
SERV - The Kingsbury EmptyTue Jan 07, 2020 1:18 am by Afourer

» Cartoon Today
SERV - The Kingsbury EmptyMon Jan 06, 2020 2:41 pm by කිත්සිරි ද සිල්වා

» කොළඹ කොටස් හුවමාරුවෙහි නවතම ජංගම දුරකථන යෙදුම
SERV - The Kingsbury EmptySat Jan 04, 2020 7:36 pm by spw19721

» ඉරානයට කළ ප්‍රහාරයෙන් පසු යුරෝපයේ කොටස් වෙළඳපොළ රැසක් පහළ වැටෙයි
SERV - The Kingsbury EmptySat Jan 04, 2020 1:30 pm by nihal123

» VAT අදාළ නැති කට්ටිය මෙන්න. 50,000 ක ලැයිස්තුවක්
SERV - The Kingsbury EmptyFri Jan 03, 2020 11:55 am by nihal123

» How to get Access to: 104 Technical trading experiments by HUNTER
SERV - The Kingsbury EmptyThu Jan 02, 2020 9:20 am by Admin

» ලංකාවේ ලොකුම සමාගම මෙන්න. දුම්කොළ සමාගම අභිබවමින් ජෝන් කීල්ස් යළිත් පෙරමුණට
SERV - The Kingsbury EmptyWed Jan 01, 2020 7:48 pm by Rana

» Sri Lanka’s LOLC Prepares to Sell Its Biggest Overseas Unit
SERV - The Kingsbury EmptyWed Jan 01, 2020 4:43 pm by nuwanmja

» Sri Lanka’s Cargills, Sampath, DFCC Bank says met lending rate ceilings
SERV - The Kingsbury EmptyWed Jan 01, 2020 4:26 pm by NIRMALSG

» Dividend Announcement
SERV - The Kingsbury EmptyWed Jan 01, 2020 1:16 pm by smallville

» Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept
SERV - The Kingsbury EmptyWed Jan 01, 2020 9:29 am by The Invisible

» People’s Bank, Sampath, and DFCC face penalties
SERV - The Kingsbury EmptyTue Dec 31, 2019 6:33 pm by nihal123

» NDB.N0000 (National Development Bank PLC)
SERV - The Kingsbury EmptyTue Dec 31, 2019 1:55 am by Trend

» COMB.N0000 (Commercial Bank of Ceylon PLC)
SERV - The Kingsbury EmptyThu Dec 26, 2019 9:23 pm by spw19721

» Thought for the day...
SERV - The Kingsbury EmptyThu Dec 26, 2019 3:41 pm by Topcat

» ඩොක්ටර් ඒලියන්ත වයිට්
SERV - The Kingsbury EmptyThu Dec 26, 2019 9:15 am by කිත්සිරි ද සිල්වා

» Why (Happy) People Cheat?
SERV - The Kingsbury EmptyWed Dec 25, 2019 8:34 pm by pjrngroup

» Who killed Cock Robin?
SERV - The Kingsbury EmptyWed Dec 25, 2019 8:33 pm by pjrngroup

» 65 Ways to Make Money Online
SERV - The Kingsbury EmptyTue Dec 24, 2019 9:24 am by Topcat

» සුළු හා මධ්‍ය පරිමාණ ව්‍යාපාරිකයින් ලබාගත් ණය අයකර ගැනීම අත්හිටුවන්න
SERV - The Kingsbury EmptyTue Dec 24, 2019 8:50 am by Topcat

» ACL Cables
SERV - The Kingsbury EmptySat Dec 21, 2019 5:34 am by NIRMALSG

» Sri Lanka to up employer EPF contribution to 15-pct, start social security fund
SERV - The Kingsbury EmptyWed Dec 18, 2019 2:46 pm by The Invisible

» රාජ්‍ය සමාගම් කොටස් වෙළෙඳපොළට ගෙන ආ යුතුයි
SERV - The Kingsbury EmptyFri Dec 13, 2019 12:37 pm by serene

» Sri Lanka can resume high growth path, cut more taxes: Mark Mobius
SERV - The Kingsbury EmptyThu Dec 12, 2019 9:29 am by The Alchemist

» රතු වැටෙනකොට
SERV - The Kingsbury EmptyWed Dec 11, 2019 2:59 pm by කිත්සිරි ද සිල්වා

» Sri Lanka interest rates should go down, currency will not fall: Mark Mobius
SERV - The Kingsbury EmptyWed Dec 11, 2019 11:18 am by The Invisible

» Equation of Happiness Solved
SERV - The Kingsbury EmptyTue Dec 10, 2019 5:23 pm by Backstage

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SERV - The Kingsbury

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SERV - The Kingsbury Empty SERV - The Kingsbury

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 on Thu Apr 25, 2019 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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SERV - The Kingsbury Empty Re: SERV - The Kingsbury

Post by yellow knife on Thu Jun 27, 2019 3:34 pm

Dear Invisible ,

If you can kindly change the thread title as follows.

THE KINGSBURY PLC (SERV.N0000)

So it will be easy to re-refer. As I found a thread already dedicated on SERV.N 0000 I thought of continuing the same thread.

********************************************

2018/19

Eventhough 2018/19 was a good year for SL tourism ( before Easter Sunday attack) , not all hotels enjoyed the same benefits across the board.

Opening up of many hotels in Colombo City as well as the spreading trend of low-cost home stays affected to the earnings of The Kingsbury.

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SERV - The Kingsbury Empty Re: SERV - The Kingsbury

Post by yellow knife on Thu Jun 27, 2019 3:35 pm

This situation can be clearly understood with the graphics on Earnings.

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SERV - The Kingsbury Empty Re: SERV - The Kingsbury

Post by yellow knife on Thu Jun 27, 2019 3:36 pm

Net Assets position is improving.

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SERV - The Kingsbury Empty Re: SERV - The Kingsbury

Post by yellow knife on Thu Jun 27, 2019 3:44 pm

This hotel which was affected by suicide bomb blast were first to recover from that.

Hotel has taken steps to address less occupancy issue by conducting events, weddings as well as promoting restaurants. The Restaurants are much in demand and used to be packed before Easter attack. Now the Colombo City Hotels have recovered much though the arrivals are improving slowly.

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SERV - The Kingsbury Empty Re: SERV - The Kingsbury

Post by ruwan326 on Thu Jun 27, 2019 8:27 pm

Thank you Yellow,

Good job. Last time you update TPL & today price fall in to 43/=. Hope tomorrow SERV will not fall below 10/= Very Happy

No worries I keep these counters in never sell basket.
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SERV - The Kingsbury Empty Re: SERV - The Kingsbury

Post by ruwan326 on Fri Aug 02, 2019 6:16 am

Sri Lanka Easter bombing hit at The Kingsbury total Rs93mn

Aug 01, 2019

Sri Lanka's The Kingsbury Plc, which was one of the hotels bombed on Easter Sunday, had incurred 93 million rupees in damages to assets from the terror attack, the firm said in its interim financial statement.


The hotel, part of the Hayleys Group, was among three luxury properties which were bombed, along with three churches, killing over 250 persons, including 44 foreigners.

The bomb at The Kingsbury hotel had been set off inside its Harbour Court main restaurant.

The firm said that it has already received a 70 million rupee partial insurance claim for the damages.

Net losses at the hotel for the June quarter rose to 250 million rupees from 7.2 million rupees a year earlier due to the bombings.

The hotel reported a 1.03 rupee net loss per share for the quarter. The Kingsbury share closed at 12.30 rupees on Thursday, up 20 cents.

During the quarter, net revenue was down 60 percent from a year earlier to 252.7 million rupees, while cost of sales fell 30 percent to 231 million rupees resulting in gross profits falling 93 percent to 21.6 million rupees.

Net finance costs fell marginally by 3.73 percent to 20 million rupees with a 13.4 percent drop in interest of borrowings to 94 million rupees and cash deposits shrunk 39.5 percent to 81 million rupees from a year earlier.

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SERV - The Kingsbury Empty Re: SERV - The Kingsbury

Post by serene on Fri Aug 02, 2019 7:56 am

Thanks Ruwan.
In January with the tag of number 1 tourist destination in the bag wished for real upsurge of hotel shares.
Saharan and connected parties ruined all but themshelves.

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SERV - The Kingsbury Empty Re: SERV - The Kingsbury

Post by Fireandwater on Fri Aug 02, 2019 10:42 am

Guys , dont you think Galadari is more valuable than Kingsbury at this point in time. Its a totally run down hotel with potential. Its BV is Rs.21 and EPS 0.44 cents and trading at Rs.7 levels. The land bank of the hotel is also big in the area. ?

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