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Cinnamon Life secures Certificate of Conformity for project s office and The Suites residential towers – Lanka Business Online

Cinnamon Life, Sri Lanka’s largest mixed development, announced another major milestone in its journey to completion with the securing of a Certificate of Conformity (COC) for the project’s office and ‘The Suites’ residential towers. Notably, the pace and the progress of the Cinnamon Life projec

JKH Group Revenue and EBITDA, excluding Leisure, increases by 5%

The handover of Cinnamon Life residential and office units will commence in March 2021 The key operational and financial highlights of the Group’s performance during the quarter under review: • Despite the isolation measures adopted by the authorities due to the second wave of the COVID-19 outbreak in early October 2020, which caused a slowdown in business activity and dampened consumer sentiment, the subsequent gradual easing of restrictions enabled the businesses across the Group to recover to near normal levels by December, with the exception of Leisure. •Group EBITDA excluding the Leisure industry group stood at Rs. 5.22 billion during the third quarter of the year under review, which is a 5 per cent increase against the previous year [2019/20 Q3: Rs. 4.99 billion].

JKH Group Revenue and EBITDA, excluding Leisure, up by 5 per cent

Summary of key operational and financial highlights of JKH performance during the quarter under review: • Despite the isolation measures adopted by the authorities due to the second wave of the COVID-19 outbreak in early October 2020, which caused a slowdown in business activity and dampened consumer sentiment, the subsequent gradual easing of restrictions enabled the businesses across the Group to recover to near normal levels by December, with the exception of Leisure. • Group EBITDA excluding the Leisure industry group stood at Rs.5.22 billion during the third quarter of the year under review, which is a 5 per cent increase against the previous year [2019/20 Q3: Rs.4.99 billion].

Sri Lanka looks to a new Tourism Future

Sri Lanka looks to a new Tourism Future
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