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Tuesday, February 8, 2011

Hunas Falls profits up 256%

Hunas Falls Hotels PLC recorded a 256 percent growth in profits for the nine months ending December 31, 2010 interim financial accounts submitted to the Colombo Stock Exchange showed.

Net profits for the period reached Rs. 12.3 million, up 256 percent from Rs. 3.4 million a year ago. Hunas Falls saw revenue increase by 36 percent to Rs. 77.1 million during this period from Rs. 56.8 million a year ago.

With the tourism sector seeing a recovery after a 30-year conflict, the company’s marketing and promotional expenses reached Rs. 58.7 million during this period, up 38 percent from Rs. 42.6 million a year ago.

Earnings per share amounted to Rs. 2.2 for this period, up from 62 cents a year ago.

source - www.island.lk