Colombo Stock Exchange listed John Keells Hotels (KHL) reported a loss of Rs389mn in the quarter ended last December. Nine month cumulative losses came in at Rs1.3bn, as the company slowly rebounds from a drastic downturn caused buy 2019’s Easter Sunday terror attacks.
One a positive note, revenue was down just 8% year over year for the December quarter, indicating that a tourism recovery is slowly building.
KHL is a listed subsidiary of John Keells Holdings (JKH) which owns several properties in the resort hotel segment, both in Sri Lanka and the Maldives.
Courtesy: LBO
