Citrus Leisure PLC
CCSELK:REEF.N00003.20
LKR
0.00
(0.00%)
ISIN
LK0083N00002
Return %
Stock
S&P 500
1Y
-27.27
14.20
3Y
-46.73
81.12
5Y
-62.03
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Priya Chandana Bandara Talwatte
- Full Time Employees
- 28
- Sector
- Miscellaneous
- Industry
- Miscellaneous
- Address
- Colombo Sri Lanka
- IPO Date
- Sep 3, 1987
- Website
- citrusleisure.com
- Similar Companies
- Business
- Citrus Leisure PLC is a Sri Lanka-based hospitality and leisure management company engaged primarily in the ownership, development, operation, and management of resort hotels, boutique business lodgings, specialty dining establishments, and travel services. Founded in 1973 as Hotel Reefcomber Limited and rebranded as Citrus Leisure PLC in 2010, the company is headquartered in Colombo, Sri Lanka, and operates as the hospitality arm of the George Steuart Group. The company caters to domestic and international leisure travelers, corporate executives, event organizers, and banquet clients across prime coastal and urban commercial destinations in Sri Lanka. The company's core operations and service portfolio encompass five primary business categories: resort and business accommodation; food and beverage operations; banquet and event management; wellness and recreation; and destination travel management. Accommodation offerings include beachfront guestrooms, luxury suites, and boutique executive rooms provided through flagship properties such as Citrus Waskaduwa, a 150-room upscale beachfront resort in Kalutara operated via its listed subsidiary Waskaduwa Beach Resort PLC; Citrus Hikkaduwa, a 90-room coastal resort in Hikkaduwa operated via its listed subsidiary Hikkaduwa Beach Resort PLC; and The Steuart by Citrus, a heritage-themed European-style boutique business hotel in the commercial heart of Colombo. Dining and beverage services comprise multi-cuisine culinary operations, themed bars, and specialty outlets, including Blue Orbit, a revolving fine-dining restaurant located on the 27th floor of the Colombo Lotus Tower; &Co Pub and Kitchen, a traditional British-style pub and dining venue; Ceylon Curry Club, a contemporary Sri Lankan and South Asian cuisine restaurant; and Heladiv Tea Club, a boutique tea lounge and café concept. Banquet and conference facilities include the Cosmic banquet hall at the Colombo Lotus Tower with capacity for up to 350 guests; dedicated conference rooms, boardrooms, and open-air beachfront event spaces configured for corporate retreats, meetings, incentives, conferences, and exhibitions (MICE), and destination weddings. Wellness and leisure services consist of full-service Ayurvedic and Western spa treatments; fitness centers; outdoor swimming pools; and guided coastal excursions. Travel and tour services are administered through Citrus Vacations Limited, providing inbound tour operations, excursion planning, airline ticketing, and transport logistical support. In recent developments, Citrus Leisure PLC completed a major capital restructuring through an oversubscribed rights issue in May 2024, raising approximately LKR 1.58 billion through the issuance of over 378 million ordinary shares at LKR 4.20 per share to settle related-party borrowings and deleverage its balance sheet. Expanding its hospitality footprint, the group operationalized premier dining and banquet venues at the landmark Colombo Lotus Tower, featuring the Blue Orbit revolving restaurant and Cosmic banquet hall. In addition, the company executed comprehensive property refurbishment and facility enhancement programs across its core coastal resorts, Citrus Waskaduwa and Citrus Hikkaduwa, while implementing strategic leadership transitions to drive operational recalibration, cost optimization, and revenue growth across its hotel and culinary network.