interpretation for this Profitability Ratio
Ratio	Hotel Sigiriya PLC	Dolphin Hotel PLC
Gross profit ratio	74.1	71.5
Net profit ratio	(57.6)	(8.78)
Return on Equity	(11.30)	(0.88)
Return on capital employed	(11.05)	(2.14)   dolphin hotel company performance The Company carried out its business activities as a 
repatriation hotel until September 2021 and closed its 
operations for much needed refurbishment, with the 
objective of increasing the overall value proposition of 
the property and to reap the benefits when the country 
situation reaches normalcy. Upon completing the 
refurbishments, commercial operations commenced in 
January 2022 recording significant revenues and positive 
GOP for the months of January, February and March 22.
The Company reported a revenue and a gross profit of Rs 
282.9Mn & 207.3Mn respectively in the year under review. 
However due to the higher operational expenses, the 
Company concluded 2021/22 on a negative note, recording 
a negative EBIT of Rs 82.4Mn, compared to Rs 61.8Mn 
negative EBIT recorded in the previous financial year       hotel sigiriya plc The Company carried out its business 
activities as a repatriation hotel 
until September 2021 and closed 
its operations for much needed 
refurbishment, with the objective of 
increasing the overall value proposition 
of the property and to reap the 
benefits when the country situation 
reaches normalcy. Upon completing 
the refurbishments, the property recommenced its commercial operations 
in December 2021, recording significant 
revenues and positive GOP for the 
months of January, February and March 
22. 
The Company reported a revenue and 
a gross profit of Rs 103.7Mn & 76.9Mn 
respectively in the year under review. 
However due to the higher operational 
expenses, the Company concluded 
2021/22 on a negative note, recording a 
negative EBIT of Rs 62.6Mn, compared 
to Rs 56.9Mn negative EBIT recorded in 
the previous financial year. 
Sales and Marketing is in constant dialog 
with Foreign Tour Operators (FTO’s) 
and local Destination Management 
Companies (DMC’s), to ascertain the 
current market conditions of the target 
market segments. Even though the 
industry is having a temporary drawback, 
those local and foreign tour operators 
are positive for the medium and long 
term. Several Foreign Tour Operators are 
in discussions to finalize contracts for 
the immediate future. All the short term 
and long terms strategies are in place 
to achieve better results in future, when 
the industry conditions are back to its 
normal pace