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Hunas Falls makes net profit of Rs 19 million Vote_lcap68%Hunas Falls makes net profit of Rs 19 million Vote_rcap 68% [ 178 ]
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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Hunas Falls makes net profit of Rs 19 million

Hunas Falls makes net profit of Rs 19 million

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CSE.SAS

CSE.SAS
Global Moderator

Ramani KANGARAARACHCHI
The Hunas Falls Hotels PLC made a net profit of Rs 19 million performing well in the financial year ended March 31, 2012.

This is a 27 percent increase compared with the previous year which was Rs15 million.

Reviewing the annual report Chairman,Mohan Pandithage said the annual turnover of the company has increased by over 20 percent compared to previous year which was Rs.99 million. It has achieved a turn over of Rs120 million in the year under review.

For the first time, after 2004 the Board has proposed a dividend of .50 per share to share holders.

The hotel, set as it is in an idyllic setting, continues to position itself as an eco-friendly location and it is also the premier honeymoon hotel in the country, which with it’s 31 well located bedrooms continues to attract this niche market. Pandithage said since the takeover of majority ownership of Hunas Falls hotel by the Hayleys Group,a concerted effort has been made to upgrade the hotel and enhance its value so as to generate more revenue.

The management of the hotel has been given over to Amaya Leisure,a member of the Hayley’s group and a well known hospitality management company and the results are already evident in the higher turnover.

The extensive refurbish programme it has undertaken will ensure that it’s true potential will be realized very soon.
http://www.dailynews.lk/2012/06/15/bus05.asp

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