Hotels & Tourism · Hotels/Resorts/Cruise lines
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2025 | Rs 1.5B | Rs 111.9M | 0.15 |
| 2024 | Rs 1.2B | Rs -119.9M | -0.17 |
| 2023 | Rs 309.3M | Rs -20.8M | -0.04 |
| 2022 | Rs 181.2M | Rs -154.3M | -0.27 |
| 2021 | Rs 145.0M | Rs -167.7M | -0.29 |
| 2020 | Rs 410.7M | Rs -72.5M | -0.13 |
| 2019 | Rs 703.5M | Rs 125.6M | 0.22 |
The Kandy Hotels Company (1938) PLC is a Sri Lankan hospitality group engaged in hotel ownership and operations, including the ownership and operation of Queens Hotel and Hotel Suisse in Kandy. The company’s activities focus on managing full-service hotels, banquet facilities and related hospitality services. The Group’s portfolio comprises multiple subsidiaries and hotel brands named in the annual report, including United Hotels Company Limited, Tissa Resort (Private) Limited, EKHO Safari, Ceylon Hotels Maldives (Private) Limited, Suisse Hotel (Pvt) Limited and Suisse Hotel Kandy (Pvt) Limited, and operates properties under brands such as EKHO Surf, EKHO Lake House, The Lake Hotel, Queens Hotel and Hotel Suisse. The Group also holds investments and joint‑venture interests, notably participation in Radisson Hotel Kandy through Suisse Hotel Kandy (Pvt) Ltd., and undertakes refurbishments and upgrades of its properties to align heritage assets with modern standards. Its operations are concentrated in Sri Lanka with properties spread across the country and activities linked to the hill capital of Kandy.
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All companies on the Colombo Stock Exchange Main Board must adopt sustainability reporting under SLFRS S1 and S2 effective 1 January 2026. A seminar on ‘Sustainability Reporting for Corporates’ will be held 26 March 2026 at The Kingsbury to brief directors and senior executives.
Asoka Hettigoda was elected President of The Hotels Association of Sri Lanka and proposed raising the national tourism earnings target to USD 10 billion by 2030. He outlined plans to reach 6 million visitors, boost per-night spending by 30%, invest USD 50m/yr in marketing, and prioritize sustainability and industry unity.
Ambeon Holdings bought a 6.09% stake (45,904,622 shares) in The Kandy Hotels Company (1938) PLC for 550.8 million rupees at Rs12/share. Kandy Hotels, a subsidiary of Ceylon Hotels Corporation, was trading at Rs17.50.
Tourism showed a July rebound led by India: arrivals surpassed 1.3 million by late month, though year-to-date remains about 2% below last year. Sector receipts fell 12% in 1H. Authorities cut 2026 targets due to Middle East-linked air corridor disruptions. BIA handled 4.75 million passenger movements in 1H with 1.14 million tourist arrivals. The Cabinet approved leasing five underutilised Presidential Residences to private investors for tourism development.
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