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Sri Lanka’s Citrus Leisure proposes to restructure group

2016-09-27 lankabusinessonline
Sep 27, 2016 (LBO) – Sri Lanka’s Citrus Leisure has proposed restructuring its group subject to the relevant regulatory approvals, the company said in a stock exchange filing.

Sudusinghe from Citrus Waskaduwa represents Sri Lanka at Special American Business Training Programme

Mr. Sudusinghe Chandrasena – Deputy General Manager of Citrus Waskaduwa, recently participated in a Special American Business Training Program at the invitation of the U. S. Department of Commerce. The programme, held in Washington D.C., Pensacola-Florida, New Orleans and New York, was designed to offer Sri Lankan hospitality professionals first-hand insights into Destination Tourism.

Citrus Leisure posts a strong Q4 2015/16

The Citrus Leisure Group announced very positive results for the fourth quarter ending 31st March 2016 resulting in a strong performance for the financial year. Accordingly, the Group recorded a revenue of Rs. 1,093.7 million for FY 2015/16, a noteworthy 76% growth compared to FY 2014/15. Citrus Waskaduwa contributed Rs. 651.3 million while Citrus Hikkaduwa contributed Rs. 295.7 million for the year.