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» සදහම් අටුවාව
SERV - The Kingsbury EmptyYesterday at 1:24 pm by Ethical Trader

» Easter Sunday Attack and Sri Lanka
SERV - The Kingsbury EmptyYesterday at 12:45 pm by ruwan326

» අනං මනං! #/+?.<>
SERV - The Kingsbury EmptySun May 19, 2019 6:10 pm by ruwan326

» My Port Folio Bleeding But Its just the Begining Of..
SERV - The Kingsbury EmptySat May 18, 2019 7:40 pm by serene

» Thread for News on CSE and SL Economy
SERV - The Kingsbury EmptySat May 18, 2019 1:49 pm by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
SERV - The Kingsbury EmptyFri May 17, 2019 9:54 pm by dhanurrox

» Re: Financial reports Q1-2019
SERV - The Kingsbury EmptyFri May 17, 2019 7:53 pm by dhanurrox

» 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
SERV - The Kingsbury EmptyFri May 17, 2019 2:43 pm by Backstage

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
SERV - The Kingsbury EmptyThu May 16, 2019 8:00 pm by hammurabi

» Dividend Announcement
SERV - The Kingsbury EmptyWed May 15, 2019 6:42 pm by Rana

» Israeli spyware breached WhatsApp security
SERV - The Kingsbury EmptyWed May 15, 2019 7:47 am by කිත්සිරි ද සිල්වා

» 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

» NEST.N0000
SERV - The Kingsbury EmptyThu May 09, 2019 7:54 pm by ruwan326

» What to Analyse
SERV - The Kingsbury EmptyThu May 09, 2019 5:53 pm by Ethical Trader

» Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009
SERV - The Kingsbury EmptyWed May 08, 2019 5:43 pm by serene

» Telenor and Dialog Axiata's parent in talks to merge Asian businesses
SERV - The Kingsbury EmptyMon May 06, 2019 1:50 pm by Backstage

» සුබ පාස්කූ මංගල්ලයක් වේවා !
SERV - The Kingsbury EmptySun May 05, 2019 6:51 pm by Backstage

» In the Meantime, Within Our Shores !
SERV - The Kingsbury EmptyThu May 02, 2019 11:27 am by Ethical Trader

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
SERV - The Kingsbury EmptyWed May 01, 2019 3:49 am by Ethical Trader

» Thread for News on Local and Foreign Politics
SERV - The Kingsbury EmptyFri Apr 26, 2019 8:18 am by කිත්සිරි ද සිල්වා

» how to access internet ?
SERV - The Kingsbury EmptyFri Apr 26, 2019 7:55 am by කිත්සිරි ද සිල්වා

» SERV - The Kingsbury
SERV - The Kingsbury EmptyThu Apr 25, 2019 9:26 am by ruwan326

» Lessons from movies
SERV - The Kingsbury EmptyTue Apr 23, 2019 8:26 am by කිත්සිරි ද සිල්වා

» DFCC.N0000 ( DFCC BANK PLC )
SERV - The Kingsbury EmptyMon Apr 22, 2019 12:38 pm by ruwan326

» Happy Birthday
SERV - The Kingsbury EmptySun Apr 21, 2019 8:13 pm by Rana

» Little Known Facts !
SERV - The Kingsbury EmptySun Apr 21, 2019 9:27 am by කිත්සිරි ද සිල්වා

» හීන්බන්ඩාගේ රැකියාව ඇසූ පසු පොලිස් නෝනලාට තරු පෙනුනා
SERV - The Kingsbury EmptySat Apr 20, 2019 10:07 am by ruwan326

» HASU.N0000 (HNB ASSURANCE PLC)
SERV - The Kingsbury EmptyThu Apr 18, 2019 6:05 pm by Ethical Trader

» EAST WEST PROPERTIES PLC (EAST.N0000)
SERV - The Kingsbury EmptyThu Apr 18, 2019 6:02 pm by Ethical Trader

» අසිරිමත් සුබ නව වසරකට ආසිරි !
SERV - The Kingsbury EmptyWed Apr 17, 2019 6:33 pm by hammurabi

» SEYLAN DEVELOPMENTS PLC (CSD.N0000)
SERV - The Kingsbury EmptyFri Apr 12, 2019 8:55 am by yellow knife

» East West properties
SERV - The Kingsbury EmptyFri Apr 12, 2019 5:27 am by dhanurrox

» HHL.N0000 ( Hemas Holdings PLC)
SERV - The Kingsbury EmptyTue Apr 09, 2019 8:04 pm by NIRMALSG

» කිරි පිටි ගැන ඔබ මෙතෙක් නොදත් දේ
SERV - The Kingsbury EmptyMon Apr 08, 2019 5:31 am by Ethical Trader

» CONN.N0000
SERV - The Kingsbury EmptySun Apr 07, 2019 3:15 pm by NIRMALSG

» LION.N0000 (Lion Brewery Ceylon PLC)
SERV - The Kingsbury EmptySun Apr 07, 2019 8:52 am by ruwan326

»  5000 Post Milestone - Congratulations
SERV - The Kingsbury EmptyFri Apr 05, 2019 9:07 pm by Ethical Trader

» NTB.N0000 (NATIONS TRUST BANK PLC)
SERV - The Kingsbury EmptyFri Apr 05, 2019 1:37 pm by Ethical Trader

» Micro Finance
SERV - The Kingsbury EmptyFri Apr 05, 2019 12:14 pm by yellow knife

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
SERV - The Kingsbury EmptyFri Apr 05, 2019 7:40 am by serene

» PLC.N0000 ( People's Leasing and Fiance PLC)
SERV - The Kingsbury EmptyWed Apr 03, 2019 6:04 pm by NIRMALSG

» VPEL.N0000 (VALLIBEL POWER ERATHNA PLC )
SERV - The Kingsbury EmptyWed Apr 03, 2019 3:40 pm by catseye

» SAMP.N0000 (SAMPATH BANK PLC)
SERV - The Kingsbury EmptyTue Apr 02, 2019 12:38 pm by malanp

» Sinhala Cinema
SERV - The Kingsbury EmptyTue Apr 02, 2019 12:31 pm by yellow knife

» SEYB.N0000 ( SEYLAN BANK PLC )
SERV - The Kingsbury EmptyTue Apr 02, 2019 11:23 am by Backstage

» LIOC.N0000 (Lanka IOC PLC)
SERV - The Kingsbury EmptyTue Apr 02, 2019 11:15 am by LSE

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
SERV - The Kingsbury EmptyTue Apr 02, 2019 11:11 am 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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