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» "පියසේනට දැං සනීපයි..."
SERV - The Kingsbury EmptyToday at 10:47 am by Yin-Yang

» Dividend Announcement
SERV - The Kingsbury EmptyToday at 10:19 am by කිත්සිරි ද සිල්වා

» What's going to happen
SERV - The Kingsbury EmptyToday at 6:26 am by serene

» Thread for News on CSE and SL Economy
SERV - The Kingsbury EmptyYesterday at 8:22 pm by ruwan326

» TJL.N0000 (Textured Jersey Lanka PLC.)
SERV - The Kingsbury EmptyYesterday at 11:50 am by serene

» CFVF - First Capital
SERV - The Kingsbury EmptyYesterday at 7:43 am by serene

» විද්‍යාව මිස්ගේ පාඩම...
SERV - The Kingsbury EmptyWed Jul 17, 2019 7:27 am by sanjulanka

» Trading Journal
SERV - The Kingsbury EmptyTue Jul 16, 2019 11:50 pm by pathfinder

» වචන නම් අපේ ඒත් තනුව ?????????
SERV - The Kingsbury EmptyTue Jul 16, 2019 8:08 pm by Rana

» Access Engineering AEL Technical Analysis
SERV - The Kingsbury EmptyMon Jul 15, 2019 3:07 pm by NIRMALSG

» Tourism sector
SERV - The Kingsbury EmptySun Jul 14, 2019 8:57 am by NIRMALSG

» Cricket, meet Capitalism
SERV - The Kingsbury EmptyFri Jul 12, 2019 1:24 pm by කිත්සිරි ද සිල්වා

» LFIN - LB Finance
SERV - The Kingsbury EmptyThu Jul 11, 2019 11:27 am by Ethical Trader

» අපි නොදන්න චෙස් කිව්වලු !
SERV - The Kingsbury EmptyTue Jul 09, 2019 6:25 pm by serene

» Stock Market to stay Bullish
SERV - The Kingsbury EmptyMon Jul 08, 2019 7:51 am by කිත්සිරි ද සිල්වා

» Is an emoji a word or a gesture?
SERV - The Kingsbury EmptyMon Jul 08, 2019 7:46 am by කිත්සිරි ද සිල්වා

»  Rajgama Heroes !
SERV - The Kingsbury EmptyMon Jul 08, 2019 7:39 am by කිත්සිරි ද සිල්වා

» HHL.N0000 ( Hemas Holdings PLC)
SERV - The Kingsbury EmptySun Jul 07, 2019 12:25 pm by dhanurrox

» Checkmate, meatbags !
SERV - The Kingsbury EmptySun Jul 07, 2019 7:20 am by spw19721

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
SERV - The Kingsbury EmptySat Jul 06, 2019 8:13 am by කිත්සිරි ද සිල්වා

» සංචාරක පැමිණීම ක්‍රමයෙන් යහපත් වන ලකුණු
SERV - The Kingsbury EmptyFri Jul 05, 2019 6:11 pm by serene

» SAMP.N0000 (SAMPATH BANK PLC)
SERV - The Kingsbury EmptyThu Jul 04, 2019 8:55 am by serene

» Easter Sunday Attack and Sri Lanka
SERV - The Kingsbury EmptyThu Jul 04, 2019 8:46 am by කිත්සිරි ද සිල්වා

» අනං මනං! #/+?.<>
SERV - The Kingsbury EmptyWed Jul 03, 2019 10:07 pm by ruwan326

» First capital holdings
SERV - The Kingsbury EmptyWed Jul 03, 2019 1:37 pm by serene

» What to Analyse
SERV - The Kingsbury EmptyMon Jul 01, 2019 11:33 am by serene

» අනිසි ලෙස කොටස් මිල හැසිර වූ ආයෝජකයින් දෙදෙනෙකුට සුරැකුම්පත් කොමිසමෙන් නඩු
SERV - The Kingsbury EmptyFri Jun 28, 2019 2:11 pm by Ethical Trader

» අද වෙන්දේසියේ දී බිල්පත් පොළිය පහළට.
SERV - The Kingsbury EmptyFri Jun 28, 2019 7:46 am by serene

» AAIC.N0000
SERV - The Kingsbury EmptyFri Jun 28, 2019 7:33 am by serene

» SERV - The Kingsbury
SERV - The Kingsbury EmptyThu Jun 27, 2019 8:27 pm by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
SERV - The Kingsbury EmptyWed Jun 26, 2019 2:22 pm by nuwanmja

» Life After Google
SERV - The Kingsbury EmptyTue Jun 25, 2019 5:28 pm by කිත්සිරි ද සිල්වා

» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
SERV - The Kingsbury EmptyTue Jun 25, 2019 6:37 am by nihal123

» Future of Tea Industry
SERV - The Kingsbury EmptyMon Jun 24, 2019 6:54 pm by hammurabi

» Cricket !
SERV - The Kingsbury EmptyMon Jun 24, 2019 2:22 pm by කිත්සිරි ද සිල්වා

» DIPD.N0000 (Dipped Products)
SERV - The Kingsbury EmptyMon Jun 24, 2019 11:40 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
SERV - The Kingsbury EmptySun Jun 23, 2019 9:14 pm by hammurabi

» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
SERV - The Kingsbury EmptyFri Jun 21, 2019 5:25 pm by Ethical Trader

» Happy Father's Day !
SERV - The Kingsbury EmptyMon Jun 17, 2019 8:58 pm by spw19721

» DPL.N0000 (Dankotuwa Porcelain PLC)
SERV - The Kingsbury EmptySun Jun 16, 2019 7:12 am by NIRMALSG

» 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)
SERV - The Kingsbury EmptyThu Jun 13, 2019 8:08 pm by ruwan326

» PABC.N0000 (Pan Asia Banking Corporation PLC)
SERV - The Kingsbury EmptyThu Jun 13, 2019 8:06 pm by ruwan326

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
SERV - The Kingsbury EmptyThu Jun 13, 2019 7:58 pm by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
SERV - The Kingsbury EmptyThu Jun 13, 2019 7:57 pm by ruwan326

» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
SERV - The Kingsbury EmptyThu Jun 13, 2019 7:48 pm by ruwan326

» DFCC.N0000 ( DFCC BANK PLC )
SERV - The Kingsbury EmptyThu Jun 13, 2019 7:45 pm by ruwan326

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
SERV - The Kingsbury EmptyThu Jun 13, 2019 7:43 pm by ruwan326

» Should CSE be like this? Whose FAULT is it?
SERV - The Kingsbury EmptyWed Jun 12, 2019 5:21 pm by Yin-Yang

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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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