By J. Kurukulasuriya
Ceylon FT: The Kingsbury PLC, a part of the Hayleys PLC group, reported increases in administrative expenses by 170%, marketing expenses by 149% and finance expenses by 235% in the year ended 31March 2014; but a 994% increase in turnover to Rs 2,213 million, enabled the company to record a profit of Rs 32 million, getting out of the red following a loss of Rs 449 million in the previous year, as per unaudited accounts released recently.
The company acquired property, plant and equipment for Rs 451 million.
The company has a stated capital of Rs 836 million in ordinary shares (increased from Rs 176 million in 2013, due to a Rs 660 million rights Issue of shares at a price of Rs 10 each in September). Share issue expenses were Rs 4.4 million.
Kingsbury Managing Director L. T. Samarwickrama, is an internationally qualified hotelier and specialist in hotel design and development. He was the first Sri Lankan manager to be appointed by the Beaufort International Chain and is associated with Amaya Leisure PLC Ltd., and Hunas Falls Hotels PLC.Hayleys PLC is the major shareholder ( 46%), and K. Dhammika Perera holds 48.38% directly and indirectly of the total issued shares of Hayleys PLC, which holds 112,307,057 shares in the hotel. Carbotels Pvt Ltd., holds 13% and the EPF holds 10.5%, Bank of Ceylon 3% and National Savings Bank 1%, Renuka Hotels Ltd., holds 0.98% and Renuka City Hotels holds 0.93%.
The percentage of public holding as at 31.03.2014 was 39.83%.
The shares traded at a price of between Rs 12 and Rs 14.10 during the quarter.
www.ceylontoday.lk
Ceylon FT: The Kingsbury PLC, a part of the Hayleys PLC group, reported increases in administrative expenses by 170%, marketing expenses by 149% and finance expenses by 235% in the year ended 31March 2014; but a 994% increase in turnover to Rs 2,213 million, enabled the company to record a profit of Rs 32 million, getting out of the red following a loss of Rs 449 million in the previous year, as per unaudited accounts released recently.
The company acquired property, plant and equipment for Rs 451 million.
The company has a stated capital of Rs 836 million in ordinary shares (increased from Rs 176 million in 2013, due to a Rs 660 million rights Issue of shares at a price of Rs 10 each in September). Share issue expenses were Rs 4.4 million.
Kingsbury Managing Director L. T. Samarwickrama, is an internationally qualified hotelier and specialist in hotel design and development. He was the first Sri Lankan manager to be appointed by the Beaufort International Chain and is associated with Amaya Leisure PLC Ltd., and Hunas Falls Hotels PLC.Hayleys PLC is the major shareholder ( 46%), and K. Dhammika Perera holds 48.38% directly and indirectly of the total issued shares of Hayleys PLC, which holds 112,307,057 shares in the hotel. Carbotels Pvt Ltd., holds 13% and the EPF holds 10.5%, Bank of Ceylon 3% and National Savings Bank 1%, Renuka Hotels Ltd., holds 0.98% and Renuka City Hotels holds 0.93%.
The percentage of public holding as at 31.03.2014 was 39.83%.
The shares traded at a price of between Rs 12 and Rs 14.10 during the quarter.
www.ceylontoday.lk
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