Hotels & Tourism · Hotels/Resorts/Cruise lines
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2025 | Rs 9.0B | Rs -4.4B | -7.26 |
| 2024 | Rs 7.0B | Rs -9.1B | -30.98 |
| 2023 | Rs 2.3B | Rs -8.0B | -116.63 |
| 2022 | Rs 1.1B | Rs -3.5B | -42.55 |
| 2021 | Rs 751.3M | Rs -2.2B | -25.74 |
| 2020 | Rs 1.1B | Rs -2.5B | -35.85 |
| 2019 | Rs 1.4B | Rs -1.5B | -18.60 |
Palm Garden Hotels PLC is an owner-operator of hospitality properties, principally associated with the Palm Garden Hotel, and operates a multi-location hospitality portfolio across Sri Lanka and the Maldives. The Group's operations comprise hotel and resort businesses providing accommodation and food and beverage services to leisure and business travellers. Revenue streams include room (apartment) revenue for occupied rooms and restaurant revenue from food and beverage sales, recognised in accordance with the Group's revenue policies. The Group has expanded its regional footprint with a landmark property in the Maldives operating under a globally recognised brand and has progressed construction of additional Maldivian resorts. The Group highlights initiatives in digital and operational transformation, sustainability (energy, water and waste management) and cost and cash-flow discipline as strategic priorities to support profitability and portfolio diversification across its Sri Lankan and Maldivian operations.
No AI research report for Palm Garden Hotels Plc yet. Generate one from everything we track: prices, valuation, news sentiment, financials and corporate actions.
Generate an analysis →2 articles in 30 days: 0 positive, 1 negative, 1 neutral.
Colombo Stock Exchange fell as the ASPI dropped 1.07% (−233.18 pts) to 21,532.38 amid escalating West Asia tensions. Banks led selling with turnover at 1.04 billion rupees; Palm Garden Hotels reported non-compliance with minimum public holding and People's Leasing listed 59,766,864 scrip shares.
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.
Janakan Selvaratnam has been appointed as a Non-Executive Independent Director of Eden Hotel Lanka PLC and Palm Garden Hotels PLC, effective 1 January 2025. He previously served on the board of Siyapatha Finance PLC and spent 25 years at Citibank N.A., Sri Lanka, with experience in corporate banking, governance and risk.
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.
Auto-generated from 29 sector news articles over 30 days. Not investment advice. 2 more stories on the sentiment page.