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yellow knife
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THE FORTRESS RESORTS PLC (RHTL.N0000) Empty THE FORTRESS RESORTS PLC (RHTL.N0000)

Fri Jun 16, 2017 5:54 pm
Message reputation : 100% (3 votes)
Fortress resorts shows slowing down in revenue as well as in PAT.

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yellow knife
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THE FORTRESS RESORTS PLC (RHTL.N0000) Empty Re: THE FORTRESS RESORTS PLC (RHTL.N0000)

Fri Jun 16, 2017 5:56 pm
Message reputation : 100% (1 vote)
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yellow knife
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THE FORTRESS RESORTS PLC (RHTL.N0000) Empty Re: THE FORTRESS RESORTS PLC (RHTL.N0000)

Fri Jun 16, 2017 5:57 pm
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Net assets level has been growing slowly...

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spw19721
spw19721
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THE FORTRESS RESORTS PLC (RHTL.N0000) Empty Re: THE FORTRESS RESORTS PLC (RHTL.N0000)

Sun Jun 18, 2017 1:15 pm
Thanks yellow Knife.. descriptive update..
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yellow knife
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THE FORTRESS RESORTS PLC (RHTL.N0000) Empty Re: THE FORTRESS RESORTS PLC (RHTL.N0000)

Mon Jun 19, 2017 7:20 am
Message reputation : 100% (1 vote)
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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