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CT Land to build three more new cinemas at MC

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milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics

By Jithendra Antonio

The CT Land Development PLC (CTLD), the owning company of Sri Lanka’s premier shopping mall-cum-entertainment complex is hoping to accommodate three more new Cinemas, the recent financials of the company outlined.

“The Company has commenced refurbishing and modifying the vacant 5th floor of the Majestic City Complex, to accommodate three more new cinemas,” Chairman of CT Land R. Selvaskandan highlights in his review adding that this project would cost approximately Rs.75 million.

“The new cinemas would attract more customers to the Complex, especially at off peak times with the increased footfall benefiting other tenants as well.” According to Selvaskandan, the cinema space would be rented out to a cinema operator, resulting in increased rentals in excess of Rs. 12 million per annum.

It is expected that the project would take about 6 to 9 months to complete and the new cinemas would be ready for operation in the latter part of the financial year 2011/12.

http://print.dailymirror.lk/business/127-local/45914-ct-land-to-build-three-more-new-cinemas-at-mc.html

http://forum.srilankaequity.com/u188

dr kiru005

dr kiru005
Senior Equity Analytic
Senior Equity Analytic

so ctld is actually a undervalued share compared to clnd? what will the price be on monday?

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