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Royal Palms Beach Hotels Plc (Sri Lanka)

Main Activities: Accommodation
Full name: Royal Palms Beach Hotels Plc Profile Updated: November 01, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

Royal Palms Beach Hotels Plc is a hospitality company located in Colombo, Sri Lanka. It is a subsidiary of Mercantile Investments & Finance PLC, a finance company established in 1964. The company was founded in 1974 with the incorporation of Nilaveli Beach Hotel on the East coast. They later added two other beach properties, Royal Palms Beach Hotel and Tangerine Beach Hotel, on the South coast. In 1992, they acquired the iconic Grand Hotel in Nuwara Eliya. In 2017, they launched Fairview City Hotel in the heart of Colombo. The company is committed to providing excellent service and genuine hospitality to its guests.

Legal Address
236,Galle Road, P.O.Box 195
Colombo; Western Province; Postal Code: 03

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Website: http://www.tangerinehotels.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1992
Key Executives
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Chairman
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
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Outside Director
Ownership Details
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28.41%
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17.15%
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7.93%
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7.3%
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5.5%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency LKR. Absolute financial data is included in the purchased report.
Net sales revenue
3.26%
Total operating revenue
3.61%
Operating profit (EBIT)
-5.86%
EBITDA
-6.69%
Net Profit (Loss) for the Period
-25.23%
Total assets
4.43%
Total equity
7.16%
Operating Profit Margin (ROS)
-0.92%
Net Profit Margin
-6.25%
Return on Equity (ROE)
-0.32%
Debt to Equity Ratio
-0.74%
Quick Ratio
1.97%
Cash Ratio
1.31%

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