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» THE FORTRESS RESORTS PLC (RHTL.N0000)
Mon Jun 19, 2017 7:20 am by yellow knife

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THE FORTRESS RESORTS PLC (RHTL.N0000)

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THE FORTRESS RESORTS PLC (RHTL.N0000)

Post by yellow knife on Fri Jun 16, 2017 5:54 pm

Fortress resorts shows slowing down in revenue as well as in PAT.

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Re: THE FORTRESS RESORTS PLC (RHTL.N0000)

Post by yellow knife on Fri Jun 16, 2017 5:56 pm

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Re: THE FORTRESS RESORTS PLC (RHTL.N0000)

Post by yellow knife on Fri Jun 16, 2017 5:57 pm

Net assets level has been growing slowly...

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Re: THE FORTRESS RESORTS PLC (RHTL.N0000)

Post by spw19721 on Sun Jun 18, 2017 1:15 pm

Thanks yellow Knife.. descriptive update..

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Re: THE FORTRESS RESORTS PLC (RHTL.N0000)

Post by yellow knife on Mon Jun 19, 2017 7:20 am

Well the reason for the down trend in revenue and profit is identified by the management and as stated in the annual report...
 " Rise in Fierce Competition from the new entrants..."
  and tourists getting attracted to Eastern Province..

Company is investing heavily in refurbishments and plan to start up another similar resort in Mirissa with 66 room capacity.

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