Jetwing Symphony PLC
CCSELK:JETS.N000013.10
LKR
+0.10
(+0.77%)
ISIN
LK0455N00002
Return %
Stock
S&P 500
1Y
-36.10
14.20
3Y
32.32
81.12
5Y
5.00
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- Full Time Employees
- 1,200
- Sector
- Consumer services
- Industry
- Hotels/Resorts/Cruise lines
- Address
- Colombo Sri Lanka
- IPO Date
- Jan 5, 2018
- Website
- jetwingsymphony.com
- Similar Companies
- Business
- Jetwing Symphony PLC is a Sri Lanka-based hospitality investment and holding company engaged in the ownership, development, operation, and management of luxury resorts, boutique hotels, and urban hospitality properties. Founded in 2007 and headquartered in Colombo, Sri Lanka, the company operates as the primary hotel-owning and growth vehicle within the broader Jetwing Group, with hotel management services rendered by Jetwing Hotels Ltd. The company delivers hospitality services across Sri Lanka through direct and indirect subsidiaries, including Jetwing City (Pvt) Ltd, Yala Safari Beach Hotel (Pvt) Ltd, Cultural Heritage (Pvt) Ltd, Pottuvil Point (Pvt) Ltd, and Jetwing Kaduruketha (Pvt) Ltd. Jetwing Symphony PLC offers a diversified portfolio of hospitality products and services categorized into luxury accommodation services, including boutique suites, deluxe rooms, serviced city apartments, and eco-luxury glamping tented lodges across its flagship properties Jetwing Colombo Seven, Jetwing Lake in Dambulla, Jetwing Yala and Jetwing Safari Camp, Jetwing Kaduruketha in Wellawaya, Jetwing Surf in Pottuvil Point, and Jetwing Kandy Gallery; food and beverage operations, featuring international and authentic Sri Lankan specialty dining, rooftop cocktail lounges, poolside bars, private destination dining, and curated culinary experiences; meetings, incentives, conferences, and exhibitions (MICE) solutions, providing contemporary conference halls, executive boardrooms, banquet spaces, and open-air event venues; and wellness, leisure, and excursion services, encompassing Ayurvedic wellness centers, luxury spas, rooftop and freeform swimming pools, modern fitness centers, guided wildlife safaris, agro-tourism farming experiences, surfing lessons, and cultural excursions. In recent developments, Jetwing Symphony PLC completed a capital restructuring via a rights issue that raised Rs. 500 million to strengthen its balance sheet, reduce debt exposure, and optimize working capital amid the robust recovery in Sri Lankan tourism. The company has also implemented strategic operational realignment measures to enhance cost efficiencies, broadened its high-yield experiential and wellness offerings, and expanded environmental sustainability programs through rooftop solar photovoltaic generation, biomass water heating, advanced water treatment plants, and zero-single-use-plastic initiatives across its resort footprint.