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
(2020
sales of 598.63 million Sri Lanka Rupees [US$3.22 million]
of which 100%
was Hotel Service),
Waskaduwa Beach Resort PLC
(623.28 million Sri Lanka Rupees [US$3.35 million]
), and
Royal Palms Beach Hotels PLC
(617.60 million Sri Lanka Rupees [US$3.32 million]
).
Sales Analysis.
Tangerine Beach Hotels Plc reported sales of 591.29 million Sri Lanka Rupees (US$3.18 million)
for the
fiscal
year ending
March of 2020.
This
represents
a
decrease of 16.7%
versus 2019, when the company's sales were 710.26 million Sri Lanka Rupees .
The sales level in 2020 was fairly close to the level five years ago: in 2015, Tangerine Beach Hotels Plc had sales
of 548.62 million Sri Lanka Rupees .
Contributing to the drop in overall sales was the 28.9% decline
in Other Hotel Rlated, from 35.75 million Sri Lanka Rupees to 25.42 million Sri Lanka Rupees .
There were also decreases in sales in
Food and Beverage (down 9.7% to 353.08 million Sri Lanka Rupees )
and
Apartment/room Revenue (down 24.9% to 212.79 million Sri Lanka Rupees )
.