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Tangerine Beach Hotels Plc (Sri Lanka)

Main Activities: Accommodation
Full name: Tangerine Beach Hotels Plc Profile Updated: March 12, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Tangerine Beach Hotels Plc is a hospitality company located in Colombo, Sri Lanka. The company is a fully owned subsidiary of Mercantile Investments & Finance PLC, which was established in 1964. Tangerine Group of Hotels offers a range of accommodation options, including three seaside resorts, a heritage hotel, and a city hotel. The resorts provide guests with exceptional levels of service and unforgettable holiday experiences. The company's portfolio includes Nilaveli Beach Hotel on the East coast, Royal Palms Beach Hotel and Tangerine Beach Hotel on the South coast, and the iconic Grand Hotel in Nuwara Eliya. In 2017, Fairview City Hotel was launched in Colombo to cater specifically to business travelers. Tangerine Hotels is committed to excellence and genuine service, bringing the best of Sri Lanka to its guests.

Headquarters
236 Galle Road, P.O. Box 195
Colombo; Western Province; Postal Code: 03

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Website: http://www.tangerinehotels.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1980
Key Executives
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Chairman
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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2.85%
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1.3%
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1.28%
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0.76%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency LKR. Absolute financial data is included in the purchased report.
Net sales revenue
56.92%
Total operating revenue
77.57%
Operating profit (EBIT)
39.88%
EBITDA
59.32%
Net Profit (Loss) for the Period
74.6%
Total assets
0.44%
Total equity
-0.52%
Operating Profit Margin (ROS)
33.89%
Net Profit Margin
55.03%
Return on Equity (ROE)
6.08%
Debt to Equity Ratio
0.3%
Quick Ratio
-0.62%
Cash Ratio
0.07%

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