Blue Mountain revenue tops Rs 1 b mark

Blue Mountain Properties recorded a revenue of Rs. 1 billion in Q1 of the financial year 2015/2016. The company specializes in land sales and real estate development, ranging from luxury residential plots, to gated community complexes, commercial properties and apartments.

The company is poised to benefit from a steady momentum of growth and will continue to strengthen its brand presence and offering, locally and across the globe.

Blue Mountain's impressive financial performance is attributed to the effective restructuring of internal and external processes, along with the re-organization of its sales force. The company also recently introduced a customer care call centre to modernize and support its overall operations. Blue Mountain is also focused on strategically and meticulously strengthening its brand image and is implementing a holistic marketing communications campaign across Sri Lanka. Today, Blue Mountain commands a market share of over 30% in the real estate market of land sales in Sri Lanka, and is continuing to achieve exceptional revenue growth.

Chairman, Blue Mountain Group, Dr. Hiran Hettiarachchi said, "Our performance in Q1 is an excellent start to the year, and we look forward to taking the company to even greater heights, by strengthening our brand and our product and service offering. The strategic restructuring of our main business operations and dedication of the senior management and our employees, has paved the way for our success."

"We also received international recognition this year, by winning a 5-Star award at the Asia Pacific Property Awards Summit (APPAS) and we hope to further solidify our position as a leader in the local and global real estate sector," he said.

Blue Mountain has an asset base of Rs. 10 billion and an employee force of over 660 people.