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Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

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Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka's Lighthouse hotel net up 46-pct in March

Sri Lanka's Lighthouse hotel net up 46-pct in March

Go down  Message [Page 1 of 1]

Jayashantha

Jayashantha
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Sri Lanka's The Lighthouse Hotel Plc, said profits in the March 2014 quarter surged 46 percent to 83 million rupees from a year earlier, with revenues also up.

The firm reported earnings of 1.81 rupees per share for the quarter. In the year to March 2014 it reported earnings of 2.66 rupees on total profits of 122 million rupees, up 9 percent from a year earlier.

Lighthouse Hotel closed at 53.20 down 2.90 rupees Wednesday.

In the March quarter revenues rose 26 percent to 250.3 million rupees from a year earlier and cost of sales fell 1 percent to 39.7 million rupees, helping expand gross profits 32 pecent to 210 million rupees.

Administrative expenses were up 24 percent to 111.8 million rupees.

http://www.lankabusinessonline.com/news/sri-lankas-lighthouse-hotel-net-up-46-pct-in-march/1976796668

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