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Thursday, 14 February 2013






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Strong 3Q results from Amaya Leisure

Amaya Leisure PLC, reported strong revenue and profit growth for the nine months ending December, 31 2012.

Profit before tax for the period grew by 36 percent to Rs 266.2 million on revenue of Rs 717.3 million, which was up 26 percent, the company said in a filing with the Colombo Stock Exchange. Net profit for the nine months reviewed was Rs 246.7 million, reflecting an improvement of 35 percent.

Basic earnings per share at the end of the 3rd quarter was Rs 5.14, as against Rs 3.80 for the corresponding period of 2010-11.On the strength of these results, the Board of Directors of Amaya Leisure PLC has declared an interim dividend of Rs 4 per share for the period reviewed.

Commenting on the company's performance in the current financial year, Amaya PLC Managing Director Lalin Samarawickrama attributed the results to the efforts made to build and position the Amaya Brand and its properties as a 'Reflection of Sri Lanka.'

"The Brand is now well recognized by a wide spectrum of clientele in diverse markets in Europe, the Middle East and the Far East," he said.

Samarawickrama disclosed that the company's intention is to double its room inventory within the next two to three years. "Our thrust is to acquire and manage more properties, building on the expertise that we have gained over the years," he said. "We endeavor to serve a wide range of customers at Amaya with personalized service, whilst also focusing on the niche 'luxury' segment."

The Amaya Resorts & Spas group currently consists of 'Amaya Lake' (Dambulla), 'Amaya Hills,' 'Hunas Falls by Amaya' and 'The Bungalow by Amaya' (all in Kandy), 'Langdale by Amaya' (Nuwara Eliya), 'Coral Rock by Amaya' (Hikkaduwa) and 'Wild Trails by Amaya' (Yala).

The company also has coastal developments planned in Nilaveli (Trincomalee) and at Wadduwa, and further prospective developments of wildlife adventure and lodging in Yala and Wilpattu.



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