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.
FINANCIAL CHRONICLE™

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

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» McDonald’s අපේ නෙමෙයි අපේ බෝස්ගේ – අබාන්ස් කියයි
by ChooBoy Today at 10:19 am

» AI Assistance for Stock Market Research and Analysis
by ChatGPT Today at 7:12 am

» Comparative Analysis of the Insurance Sector
by God Father Tue Mar 26, 2024 11:46 pm

» Sri Lanka: Why Pay Exorbitant Taxes?
by ChatGPT Tue Mar 26, 2024 10:52 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Tue Mar 26, 2024 3:15 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by D.G.Dayaratne Tue Mar 26, 2024 9:11 am

» SIYAPATHA FINANACE PLC (SLFL.N0000)
by ChatGPT Tue Mar 26, 2024 7:58 am

» FINANCE AND LEASING SECTOR
by ChatGPT Mon Mar 25, 2024 6:45 am

» LOLC FINANCE PLC (LOFC.N0000)
by ChatGPT Mon Mar 25, 2024 6:36 am

» CIC HOLDINGS PLC (CIC.N0000)
by ChatGPT Mon Mar 25, 2024 6:18 am

» UNION ASSURANCE PLC (UAL.N0000)
by ChatGPT Mon Mar 25, 2024 6:15 am

» First Capital Holdings PLC: Current Financial performance and future outlook
by God Father Sun Mar 24, 2024 10:58 pm

» LankaBizz: Sri Lanka's First ever Artificially Intelligent (AI) Business and Research Assistant
by God Father Sun Mar 24, 2024 7:27 am

» HOTEL AND TRAVEL SECTOR
by ErangaDS Wed Mar 20, 2024 7:22 am

» CIC Holdings Good Times Ahead
by ashan silva Mon Mar 18, 2024 11:00 am

» EPF Fund keep eye on low P/E Shares
by K.R Mon Mar 18, 2024 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Mon Mar 18, 2024 8:37 am

» Ceylon cold stores
by Hawk Eye Mon Mar 18, 2024 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 pm

» LOLC hotels
by Maharaja Tue Mar 12, 2024 2:34 pm

» AEL target price ?
by suku502 Mon Mar 11, 2024 11:26 am

» WAPO 200% UP
by LAMDA Sun Mar 10, 2024 10:33 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

Light House Hotel - 31.03.2013

4 posters

Go down  Message [Page 1 of 1]

1Light House Hotel - 31.03.2013 Empty Light House Hotel - 31.03.2013 Wed Apr 24, 2013 6:15 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

http://www.cse.lk/cmt/upload_report_file/562_1366802432921.3.13.pdf

sriranga

sriranga
Co-Admin

Apr 25, 2013 (LBO) - Profits at Lighthouse Hotel Plc, a unit of Sri Lanka's Jetwing group fell 29 percent to 57.1 million rupees in the first quarter of 2013, interim accounts showed.

The firm reported earnings of 1.24 rupees for the quarter, in accounts filed with the Colombo Stock Exchange.

In the year to March profits rose 1 percent to 112.1 million rupees giving earnings of 2.44 rupees per share. In addition the firm also made asset revaluation gains of 12 million rupees, in the year.

Lighthouse is the first hotel to file accounts in the March earnings reporting season. Sri Lanka's Employees Provident Fund owns an 11.05 percent stake in the firm.

In the March quarter revenues fell 5 percent to 203 million rupees, and cost of sales rose at a faster 16 percent to 39.4 million rupees, causing gross profits to fall 9 percent to 163 million rupees.

This year the Galle Literary Festival was not held in January 2013, which analysts say could have hurt revenues of hotels in the Galle area, where Lighthouse is located.

Sri Lanka has also been getting negative publicity over the killing of a tourist and the rape of his girlfriend by suspects that include a politician and the lack of any prosecutions, amid an overall perception of a breakdown in rule of law.

But many of Sri Lanka's hotels are also overpriced compared to competition according to some critics, which means aggressive promotion is needed to maintain prices.

The industry has been calling upon authorities to use a cess tax collected from them for and aggressive promotional campaign.

Last year the rupee fell by about 10 percent making the country cheaper for foreigners in countries with stronger exchange rates. Economic troubles in Europe may also be hurting the travel industry.

Lighthouse Hotel plays in the top end of the market.

Feudal-Artisan

High-end tourism, economic analysts say is not pure capitalist-liberal but is a business model dates back to an earlier feudal era, where artisans used to produce high end goods and services which could only be enjoyed by the aristocracy.

Capitalism on the other hand led to the emergence of industries and services which could be enjoyed by their own workers on their own salaries ranging from industrial cloth, to Model T Fords to global mass tourism.

Global mass-market tourism emerged in the late 1950s with Britain's Indiaman bus company and Swagman tours which started taking people across Europe by land, at a time when many airlines were still state-controlled, expensive and were themselves 'feudal-artisan'.

The so-called 'Hippie Trail' then developed, running from Europe to Turkey, Iran, Afghanistan, Nepal, India (Goa) and then to Malaysia (Penang), Vietnam (Hoi An), Indonesia (Bali) and eventually to Australia.

Sri Lanka's Hikkaduwa came up around that time with capitalist entrepreneurs setting up small hotels and restaurants, with no state intervention making the island an off-shoot of the trail and becoming part of a global revolution.

Following the end of a 30-year war in Sri Lanka many smaller hotels have come up, which are drawing tourists with more reasonable rates.

Economic analysts say if the smaller hotels, which use internet bookings, did not offer more reasonable tariffs overall tourist numbers to Sri Lanka may be even less.

The global airline industry is also no longer in the hands of states and rulers and citizen-owned budget airlines have transformed the economics of air travel.

Though the original Hippie Trail collapsed with the invasion of Afghanistan by the Soviet Union, LBO's economics columnist fuss-budget says trends such as the Banana Pancake Trail has emerged helped by budget airlines.

Update II
http://www.lankabusinessonline.com/news/Sri_Lankas_Lighthouse_Hotel_net_down_29-pct/97753558

http://sharemarket-srilanka.blogspot.co.uk/

3Light House Hotel - 31.03.2013 Empty Re: Light House Hotel - 31.03.2013 Thu Apr 25, 2013 5:06 pm

Jake Sully

Jake Sully
Manager - Equity Analytics
Manager - Equity Analytics

We need more and more cricket matches in Galle (my home town) so that hotel can prosper....

4Light House Hotel - 31.03.2013 Empty Re: Light House Hotel - 31.03.2013 Thu Apr 25, 2013 5:09 pm

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics

Jake Sully wrote:We need more and more cricket matches in Galle (my home town) so that hotel can prosper....
yes. good wish

Sponsored content



Back to top  Message [Page 1 of 1]

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