Hunas Falls turnover up 20 percent

Hunas Falls hotel performed well during the year under review.

The turnover increased by over 20 percent from Rs. 99m in the previous financial year to Rs. 120m in the year under review. Net profit for the year was Rs. 19m compared with the previous year's profit of Rs. 15m, an increase of nearly 27 percent, said the Chairman of the Company Mohan Pandithage.

The board has proposed a 1st and Final dividend of Rs. 0.50 per share.

This is the first time a dividend has been proposed by the company since 2004.

"Our eco-friendly outlook is characterised by our investments towards enhancing the hotel's reputation as a green destination, among which are a wood gasifier, a mini hydropower project and the installation of energy-saving lamps.

These go well with our picturesque location amidst the natural beauty all around", said the Chairman.

Since the takeover of majority ownership of Hunas Falls Hotel by the Hayleys Group, a concerted effort has been made to upgrade the hotel and enhance its value so as to generate more revenue.

"The management of the hotel has been given over to Amaya Leisure, a member of the Hayleys Group and a hospitality management company and the results are already evident in the higher turnove.

The extensive refurbishment program it has undertaken will ensure that its true potential will be realised very soon. Every effort is being made by the management so that sustainable development will improve the property, whilst safeguarding the environment", the chairman said