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» SEYB.N0000 ( SEYLAN BANK PLC )
SERV - The Kingsbury EmptyToday at 1:45 pm by NIRMALSG

» ප්‍රතිඵලේ මොකක් උනත් ජ්යෝතිෂය සත්‍ය වෙන හැටි දැක්කද?
SERV - The Kingsbury EmptyToday at 9:15 am by ruwan326

» Technology~විද්‍යාව ~ Wisdom
SERV - The Kingsbury EmptyYesterday at 7:14 am by ruwan326

» ඇයි අප්සට් ද?
SERV - The Kingsbury EmptySat Nov 16, 2019 4:57 pm by chutiputha

» ගෝඨාට ඉල්ලන්න බෑලු
SERV - The Kingsbury EmptySat Nov 16, 2019 7:18 am by ruwan326

» සෞභාග්‍යතා දර්ශකයේ ඉහළ යාමක්
SERV - The Kingsbury EmptyFri Nov 15, 2019 1:54 pm by nihal123

» Puolanka The most pessimistic town
SERV - The Kingsbury EmptyFri Nov 15, 2019 1:14 pm by Backstage

» Dividend Announcement
SERV - The Kingsbury EmptyThu Nov 14, 2019 10:51 am by nihal123

» SAMP.N0000 (SAMPATH BANK PLC)
SERV - The Kingsbury EmptyThu Nov 14, 2019 5:13 am by NIRMALSG

» අනං මනං! #/+?.<>
SERV - The Kingsbury EmptyMon Nov 11, 2019 12:38 pm by nihal123

» Thread for News on CSE and SL Economy
SERV - The Kingsbury EmptyMon Nov 11, 2019 10:51 am by ruwan326

» ඇඟට නොදැනී ප්‍රතිඋත්තර දෙන හැටි
SERV - The Kingsbury EmptySun Nov 10, 2019 7:37 pm by ruwan326

» What's 5G?
SERV - The Kingsbury EmptySat Nov 09, 2019 3:14 pm by Afourer

» ACL කේබල්ස් ට රුපියල් මිලියන 789 ක ඒරියල් බන්ඩල් සන්නායක කොන්ත්‍රාත්තුවක්
SERV - The Kingsbury EmptySat Nov 09, 2019 7:50 am by කිත්සිරි ද සිල්වා

» ලාෆ් ගෑස් සමාඟමට එරෙහිව විනිමය කොමිසමෙන් නඩු
SERV - The Kingsbury EmptySat Nov 09, 2019 3:05 am by Rana

» CFVF - First Capital
SERV - The Kingsbury EmptyFri Nov 08, 2019 8:36 pm by hammurabi

» Hayleys MGT
SERV - The Kingsbury EmptyWed Nov 06, 2019 10:13 pm by seek

» Thought for the day...
SERV - The Kingsbury EmptyWed Nov 06, 2019 10:24 am by ruwan326

» මෑතකාලීන ආර්ථික ප්‍රවණතා: 2019 සුවිශේෂ සිදුවීම් සහ 2020 අපේක්ෂාවන්
SERV - The Kingsbury EmptyTue Nov 05, 2019 1:22 pm by nihal123

» DIPD.N0000 (Dipped Products)
SERV - The Kingsbury EmptySun Nov 03, 2019 9:13 pm by spw19721

» IMF approves disbursement of USD 164 million for Sri Lanka
SERV - The Kingsbury EmptySun Nov 03, 2019 6:50 pm by Backstage

» Recent tax developments on residential condominium properties
SERV - The Kingsbury EmptySun Nov 03, 2019 5:56 pm by Backstage

» Local Palm Oil Industry
SERV - The Kingsbury EmptySun Nov 03, 2019 4:44 am by serene

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
SERV - The Kingsbury EmptySat Nov 02, 2019 10:00 pm by hammurabi

» LPL.N0000
SERV - The Kingsbury EmptyFri Nov 01, 2019 8:35 pm by Admin

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
SERV - The Kingsbury EmptySun Oct 27, 2019 9:08 pm by PANTOMATH

» දුක බෙදාගත් හැටි
SERV - The Kingsbury EmptySun Oct 27, 2019 6:48 pm by serene

» මේ විදියට තව අවුරුදු 5ක් ගියොත් දකුණු ආසියාවේ දුප්පත්ම රට බවට ශ්‍රී ලංකාව පත්වේවි – මහාචාර්ය එච්.ඩී. කරුණාරත්න
SERV - The Kingsbury EmptyFri Oct 25, 2019 9:31 pm by ruwan326

» KFP.N0000(Keels Food Products PLC)
SERV - The Kingsbury EmptyFri Oct 25, 2019 8:26 am by yellow knife

» CCS.N0000 ( Ceylon Cold Stores)
SERV - The Kingsbury EmptyThu Oct 24, 2019 5:57 pm by dhanurrox

» RENUKA AGRI FOODS PLC ( RAL.N0000 )
SERV - The Kingsbury EmptyThu Oct 24, 2019 10:13 am by lanka

» Forex Trading කළොත් නඩු
SERV - The Kingsbury EmptyWed Oct 23, 2019 11:09 am by nihal123

» East West properties
SERV - The Kingsbury EmptyWed Oct 23, 2019 7:00 am by slstock

» Food and Beverages
SERV - The Kingsbury EmptyMon Oct 21, 2019 7:54 am by කිත්සිරි ද සිල්වා

» Devolution of power, civil wars, altruism, nepotism in animal world
SERV - The Kingsbury EmptyFri Oct 18, 2019 10:15 pm by Backstage

» RCL - Royal Ceramics
SERV - The Kingsbury EmptyMon Oct 14, 2019 12:47 pm by seek

» Performance of the Market-Weekly
SERV - The Kingsbury EmptySat Oct 12, 2019 4:29 am by ruwan326

» Confidence to boom after election – CBSL Governor
SERV - The Kingsbury EmptyFri Oct 11, 2019 4:09 pm by Backstage

» Sri Lanka among top 20 rising stars of world trade
SERV - The Kingsbury EmptyFri Oct 11, 2019 4:08 pm by Backstage

» CLND Not to miss
SERV - The Kingsbury EmptyThu Oct 10, 2019 9:24 am by ruwan326

» අපි නොදන්න ගීතයක කතාව
SERV - The Kingsbury EmptyFri Oct 04, 2019 11:55 am by nuwanmja

» මූඩීස් ප්‍රකාශය පිළිගන්න බැහැ – මහ බැංකුව කියයි
SERV - The Kingsbury EmptyWed Oct 02, 2019 6:46 am by nihal123

» ආර්ථික වර්ධනය 2.7% ට බසී
SERV - The Kingsbury EmptyTue Oct 01, 2019 1:29 pm by nihal123

» Ranil agrees to give Sajith candidacy - AdaDetana
SERV - The Kingsbury EmptyThu Sep 26, 2019 5:05 pm by mymoney

» Cracks in the Real Estate Sector
SERV - The Kingsbury EmptyThu Sep 26, 2019 2:44 pm by chutiputha

» Films - To Watch List
SERV - The Kingsbury EmptyFri Sep 20, 2019 8:38 am by Topcat

» ෆිනෑන්ස් බලපත්‍රය අවලංගුයි. අද සිට මුදල් ව්‍යාපාර බැහැ
SERV - The Kingsbury EmptyFri Sep 20, 2019 7:53 am by serene

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
SERV - The Kingsbury EmptyThu Sep 19, 2019 4:33 pm by nuwanmja

» Easter Sunday Attack and Sri Lanka
SERV - The Kingsbury EmptyThu Sep 19, 2019 12:49 pm by Ethical Trader

» Trading Journal
SERV - The Kingsbury EmptyWed Sep 18, 2019 9:01 am by CK

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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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