Fortress Resorts PLC 2018 AR2
The report highlights the financial and sustainability performance of The Fortress Resort & Spa for the fiscal year 2017/18. Despite a temporary 40-day closure for lobby renovations and rising competition from the informal sector, the company achieved a 2% increase in revenue to Rs. 674.3 million and a 4% increase in net profit to Rs. 140.6 million. In sustainability, the company invested Rs. 1.3 million in employee training and welfare, and Rs. 1 million in its organic garden, which yielded a harvest worth Rs. 865,000. Additionally, the company distributed Rs. 5 million to local craftsmen and Rs. 3.8 million to local artists, while progressing plans for a new 92-room luxury property in Mirissa.
Company: Fortress Resorts PLC
Sector: Hospitality & food services
Country: Sri Lanka
Year: 2018
Type: AR2
Pages: 140
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Fortress Resorts PLC
Annual Report
The report highlights the financial and sustainability performance of The Fortress Resort & Spa for the fiscal year 2017/18. Despite a temporary 40-day closure for lobby renovations and rising competition from the informal sector, the company achieved a 2% increase in revenue to Rs. 674.3 million and a 4% increase in net profit to Rs. 140.6 million. In sustainability, the company invested Rs. 1.3 million in employee training and welfare, and Rs. 1 million in its organic garden, which yielded a harvest worth Rs. 865,000. Additionally, the company distributed Rs. 5 million to local craftsmen and Rs. 3.8 million to local artists, while progressing plans for a new 92-room luxury property in Mirissa.
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Document Details
Report Year
2018
Reporting Period
Apr 1, 2017 - Mar 31, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available