FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

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


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by stockchaser Today at 9:01 am

» TESS Agro PLC
by Thushara Ayya Today at 3:25 am

» VPEL high return share
by Thushara Ayya Today at 3:18 am

» DIPD/HAYC/HAYL
by Eranga87 Today at 1:12 am

» Digital divide introduce new poor in Sri Lanka
by CHRONICLE™ Yesterday at 11:42 pm

» The COVID-19 impact on financial sector resilience
by CHRONICLE™ Yesterday at 10:51 pm

» Sri Lanka Development Update 2021 - World Bank Report
by CHRONICLE™ Yesterday at 10:13 pm

» Sri Lanka gets emergency China loan as rupee hits record low
by CHRONICLE™ Yesterday at 9:42 pm

» LOLC Share Price
by EGG Yesterday at 4:28 pm

» ELPL & WATA
by High-flyer Yesterday at 2:29 pm

» Import Restrictions and True State of Local Tile Manufacturers
by EquityChamp Yesterday at 2:17 pm

» B P P L HOLDINGS PLC (BPPL.N0000)
by vikiperera Yesterday at 12:43 pm

» BROWNS INVESTMENTS PLC (BIL.N0000)
by stockchaser Yesterday at 12:04 pm

» GLAS will be winner with Super Gain.
by Eranga87 Yesterday at 10:58 am

» Crypto , Digital Currency Trading , Forex
by Kevinmikegrit Yesterday at 9:40 am

» Day Traders must gradually start accumulating a well diversified portfolio of stocks which are cash generative. Stock market for beginners
by Asoka Samarakone Sun Apr 11, 2021 8:24 pm

» Is 12th a holiday CSE
by Vishwanarth Sun Apr 11, 2021 10:46 am

» Kelani TYRES
by shan31 Sat Apr 10, 2021 9:07 pm

» VALLIBEL ONE PLC (VONE.N0000)
by shan31 Sat Apr 10, 2021 8:54 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by shan31 Sat Apr 10, 2021 7:34 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Progress of the Citrus Leisure (REEF)

Progress of the Citrus Leisure (REEF)

Go down  Message [Page 1 of 1]

1Progress of the Citrus Leisure (REEF) Empty Progress of the Citrus Leisure (REEF) Wed Apr 03, 2013 10:13 am

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Since some of you are very keen on the progress of the projects of the REEF group I thought to publish below three answers from the interview had with Citrus MD/ CEO Chandana Talwatte on 2012 Dec with CelonToday.lk

Q: What properties are owned by Citrus Leisure? Could you explain a bit on each of them?
A: Citrus Leisure currently owns a hotel in Hikkaduwa and plans to further expand its number of hotels and resorts to Waskaduwa and Kalpitiya in the years ahead. Citrus Hikkaduwa has around 90 rooms and is one of the best locations to have a visit and spend some quality time, which will certainly leave the guests with memorable moments. Almost 40% of construction is completed in our Waskaduwa project and will be opened by the mid next year.

By 2014, we will be opening the hotel in Kalpitiya of which the construction will commence next year. Citrus Leisure owns a huge land extending to 78 acres in Kalpitiya on which this resort will see its construction. The land is bordering the sea, as well as a river is flowing across it and we will be introducing a wide range of water sport.


Q: What can you say about the performance of Citrus Leisure PLC throughout the recent years?
A: Citrus Hikkaduwa has been performing good overall since the time we took over the hotel, which only had 50 rooms. We pumped in our investments and we went into a complete refurbishment in April last year to the hotel and thereby the number of rooms was increased to 100 rooms. We are having healthy occupancy rates as well and performance wise Citrus Hikkaduwa is doing well. Right throughout the year, we have had 75% occupancy and currently there is around 85% occupancy in the hotel, and during off-seasons we have managed to achieve 60% occupancy. This is the first Citrus hotel and it is very successful.

Q: What were the recent investments to the resorts?
A: Identifying the fact that Sri Lanka has a shortage of the number of rooms in relation to the target that is set to be achieved in 2016, we are on the lookout for good blocks of land to build more hotels. Other than the recent investments on the refurbishment there were no major investments. But we are looking for feasible investments.
On the other hand, we are planning to build a hotel in Pasikuda. We are in the process of clearing the land and we will start constructing the hotel in 2014.

I am not sure whether this is already published in the news section but thought to highlight some information again.
Full articles is available in
http://www.ceylontoday.lk/22-20331-news-detail-citrus-leisure-eyes-new-investments.html

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Thanks.. missed this Wink

Better we discuss the things said in here..

balapas


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Well Kalpitya (CITK) will begin construction this year ( news article is in Dec 2012 ) but is it actually happening? No signs of it.

See this thread also http://forum.srilankaequity.com/t22472-citrus-leisure-group-to-build-villas-citrus-kalpitiya?highlight=kalpitiya

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics
thanks for the update

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum