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» SAMP.N0000 (SAMPATH BANK PLC)
SERV - The Kingsbury EmptyToday at 8:49 pm by pathfinder

» TPL.N0000 (TALAWAKALE PLANTATIONS )
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» Future of Tea Industry
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» Cricket !
SERV - The Kingsbury EmptyToday at 2:22 pm by කිත්සිරි ද සිල්වා

» DIPD.N0000 (Dipped Products)
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» Access Engineering AEL Technical Analysis
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» DOCK.N0000 (COLOMBO DOCKYARD PLC)
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» Thread for News on CSE and SL Economy
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»  Rajgama heroes !
SERV - The Kingsbury EmptySat Jun 22, 2019 9:44 pm by spw19721

» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
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» First capital holdings
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» Happy Father's Day !
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» DPL.N0000 (Dankotuwa Porcelain PLC)
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» Re: Financial reports Q1-2019
SERV - The Kingsbury EmptyFri Jun 14, 2019 8:57 pm by dhanurrox

» SEYB.N0000 ( SEYLAN BANK PLC )
SERV - The Kingsbury EmptyThu Jun 13, 2019 8:11 pm by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
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» PABC.N0000 (Pan Asia Banking Corporation PLC)
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» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
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» HNB.N0000 ( Hatton National Bank PLC)
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» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
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» DFCC.N0000 ( DFCC BANK PLC )
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» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
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» අනං මනං! #/+?.<>
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» Should CSE be like this? Whose FAULT is it?
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» CCS.N0000 ( Ceylon Cold Stores)
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» MCPL.N0000
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» Tourism sector
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» LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research
SERV - The Kingsbury EmptyFri Jun 07, 2019 5:42 am by stockback

» Easter Sunday Attack and Sri Lanka
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» In the Meantime, Within Our Shores !
SERV - The Kingsbury EmptyMon Jun 03, 2019 2:14 pm by කිත්සිරි ද සිල්වා

» What to Analyse
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» Tolerance at its Best !
SERV - The Kingsbury EmptyThu May 30, 2019 10:50 am by Yin-Yang

» විශ‍්‍රාම ගැන්වීමේ වයස් සීමාව ඉහළ දැමීමට මහ බැංකුවෙන් යෝජනාවක්
SERV - The Kingsbury EmptyTue May 28, 2019 8:03 am by කිත්සිරි ද සිල්වා

» සදහම් අටුවාව
SERV - The Kingsbury EmptyTue May 28, 2019 7:07 am by ruwan326

» බැරි වෙලා වත් අනික් පැත්ත උනොත්...?
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» Sri Lanka at Cross Roads: Time to Learn, Unlearn and Relearn - Prof Rohan Gunaratna
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» Songs to listen
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» Dhammika Perera non-committal on common candidate speculation
SERV - The Kingsbury EmptyThu May 23, 2019 2:54 pm by කිත්සිරි ද සිල්වා

» Films - To Watch List
SERV - The Kingsbury EmptyWed May 22, 2019 10:04 am by කිත්සිරි ද සිල්වා

» Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei
SERV - The Kingsbury EmptyTue May 21, 2019 2:06 pm by Ethical Trader

» Presidential poll between 15 Nov-7 Dec
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» Flying is the Safest mode of Transport
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» My Port Folio Bleeding But Its just the Begining Of..
SERV - The Kingsbury EmptySat May 18, 2019 7:40 pm by serene

» Sri Lanka mulls 25-pct ownership limit in finance companies
SERV - The Kingsbury EmptyFri May 17, 2019 3:40 pm by Backstage

» Searing Heat in China Is Causing Havoc for Rubber Makers
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» Israeli spyware breached WhatsApp security
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» Is Burka prohibted ?
SERV - The Kingsbury EmptyWed May 15, 2019 7:30 am by කිත්සිරි ද සිල්වා

» Thread for General News Local/Foreign
SERV - The Kingsbury EmptyTue May 14, 2019 11:49 am by CK

» Fed Rate hike , Rs Devaluation PART 2 : Should CSE be like this? Whose FAULT is it?
SERV - The Kingsbury EmptyFri May 10, 2019 7:15 pm by Backstage

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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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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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