Tue, 03 Aug 2021 Today's Paper

Kingsbury Hotel records Rs.300 mn PBT for 2014/15

11 June 2015 02:41 am - 0     - {{hitsCtrl.values.hits}}

A A A

The Kingsbury PLC, the luxury five star city hotel in Colombo recorded an impressive financial performance for the FY 2014/15, within its second year of operation post -refurbishment. 
The company posted a revenue of Rs.2.33 billion, a 9 percent increase from the last year.  The profit before tax was a record Rs. 300 million, its highest ever, almost 9 times of the last year’s result of Rs. 34 million. 
Apart from the healthy Gross Profit margins of around 52 percent, the hotel benefitted from the lower finance costs, with finance cost reducing from Rs.286 Mn in FY 2013/14 to Rs. 146 million during the current year. 
The hotel’s marketing strategy, positioning Kingsbury as a luxury city hotel in Colombo in many international trade fairs – London, Berlin, Paris & Rome etc. has paved the way for the 229-room hotel to enjoy good occupancy year around, yielding an average of 75 percent vis-à-vis 69 percent during the last year.
During the year under review, the hotel partnered with William Angliss-Specialist Centre for Hospitality, a Tourism and Culinary Arts Training Institution based in Australia to train its staff to enhance their culinary and soft skills meeting international standards.  
The Kingsbury is a recipient of the World Luxury Hotels, in the category of Best Luxury City Hotel in the Indian Ocean.
The company’s Board of Directors comprises Mohan Pandithage ( Chairman-Executive), Dhammika Perera (Co-Chairman Non-Executive), Lalin Samarawickrama (Managing Director), Johann Wijesinghe, Sarath Ganegoda, Dinesh Silva, Niranjan Deva Aditya, Lalith Wijeyeratne,  Ramani  Ponnambalam, Nimal Perera, J Van Twest, I Jamaldeen ( Alt. Director).
See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment


Ugly sporting truths Sport scholarships thrive in culture of corruption

Sadly the cohort of perpetrators include egotistical leaders, coaches and eve

JR Jayewardene and the July 1983 Anti-Tamil Violence

July 24, 1983 was the day on which a destructive spree of anti-Tamil violence

“Medamulana Dynasty”: Four Sons and Three Grandsons of Don Alvin Rajapaksa

Basil Rohana Rajapaksa was sworn in as Finance minister in the Government of

Site survey near Akasa Chaitya: Is it the end of Yala?

The Yala National Park has been at the receiving end of human disturbances fr



See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.