Tangerine Beach Hotels Plc operates in the Hotels and motels sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Tangerine Beach Hotels Plc with three other
companies in this sector in Sri Lanka:
Pegasus Hotels of Ceylon Ltd
(2019
sales of 677.55 million Sri Lanka Rupees [US$3.74 million]
of which 100%
was Hotel Service),
Kandy Hotels Company (1938) Plc
(703.48 million Sri Lanka Rupees [US$3.88 million]
), and
Royal Palms Beach Hotel Ltd.
(754.84 million Sri Lanka Rupees [US$4.17 million]
).
Sales Analysis.
Tangerine Beach Hotels Plc reported sales of 710.26 million Sri Lanka Rupees (US$3.92 million)
for the
fiscal
year ending
March of 2019.
This
represents
an
increase of 6.0%
versus 2018, when the company's sales were 670.00 million Sri Lanka Rupees.
This was the fourth straight year of sales growth at Tangerine Beach Hotels Plc.
The sales level in 2019 was fairly close to the level five years ago: in 2014, Tangerine Beach Hotels Plc had sales
of 658.18 million Sri Lanka Rupees.
Sales of Apartment/room Revenue saw an increase
that was more than double the company's growth rate: sales were up
14.2% in 2019, from
248.29 million Sri Lanka Rupees to 283.47 million Sri Lanka Rupees.
Tangerine Beach Hotels Plc also saw significant increases in sales in
Other Hotel Rlated (up 11.0% to 35.75 million Sri Lanka Rupees)
.