Jetwing Symphony

Jetwing Symphony PLC

Logo of Jetwing Symphony
Company type	Public
Traded as	CSE: JETS.N0000
ISIN	LK0455N00002
Industry	Hospitality
Founded	2007; 17 years ago (2007)
Headquarters	Colombo , Sri Lanka
Key people	Hiran Cooray (Chairman) Shiromal Cooray (Executive director)
Revenue	LKR2.116 billion (2023)
Operating income	LKR467 million (2023)
Net income	LKR(632) million (2023)
Total assets	LKR10.422 billion (2023)
Total equity	LKR3.321 billion (2023)
Owners	Jetwing Travels (19.32%) R.O.K. International Holdings (15.10%) Blue Oceanic Beach Hotel (13.64%)
Website	www.jetwingsymphony.com
Footnotes / references [1]

Jetwing Symphony PLC is a hotel chain in Sri Lanka. The company was incorporated in 2007. Following an oversubscribed Initial Public Offering in December 2017, the company started publicly trading on the Colombo Stock Exchange in January 2018. Jetwing Symphony is the holding company of the Jetwing Group's new hotels. As of 2022, Jetwing Symphony manages seven properties across the country.

History

The company was incorporated in 2007 as Jetwing Airport Hotel Pvt Ltd. The name was changed to Jetwing Symphony in November 2011 and changed its legal status to a limited company in the following month.^[2] Jetwing Symphony announced its initial public offering (IPO) in 2017. The company offered 10% of its stake and hoped to raise LKR750-900 million. The company planned to employ the capital to build Jetwing Kandy Gallery and settle the debts of some of its properties.^[3] IPO which opened on 14 December was oversubscribed.^[4] Jetwing Symphony made its debut trading on the Colombo Stock Exchange in January 2018 following its IPO.^[5]

Operations

Jetwing Symphony posted a profit for the first time in March 2019 after going public. The company acts as the holding company for the new hotel of the Jetwing Group.^[6] The company suffered from 2019 Sri Lanka Easter bombings, as the attacks affected the tourism in Sri Lanka.^[7]

Properties

Jetwing Symphony manages seven properties across Sri Lanka. Jetwing Yala is situated near the Palatupana entrance of the Yala National Park.^[8] Jetwing Kaduruketha is one of the first eco-resorts in Sri Lanka.^[9] Jetwing Colombo Seven was opened in February 2017.^[10] The newest property of the Jetwing Symphony, Jetwing Kandy Gallery was opened in January 2020. The hotel consists of 26 rooms.^[11]

Hotel	Location	No. of rooms
Jetwing Colombo Seven	Colombo	98
Jetwing Kaduruketha	Wellawaya	25
Jetwing Kandy Gallery	Kandy	26
Jetwing Lake	Dambulla	94
Jetwing Safari Camp	Yala	10
Jetwing Surf	Pottuvil	20
Jetwing Yala	Yala	80

See also

• List of companies listed on the Colombo Stock Exchange

References

1. "Annual Report 2022/23" (PDF). cse.lk. Jetwing Symphony PLC. Retrieved 8 June 2023.
2. "Prospectus" (PDF). jetwingsymphony.com. Jetwing Symphony. p. 8. Retrieved 2 December 2022.
3. "Jetwing Symphony – The Investment Arm of Jetwing Hotels Announces Rs. 750-900 Mn Initial Public Offering". adaderana.lk. Ada Derana. 7 December 2017. Retrieved 2 December 2022.
4. "Jetwing Symphony IPO oversubscribed". Daily News. Associated Newspapers of Ceylon Limited. 18 December 2017. Retrieved 2 December 2022.
5. "CSE's 2018 debutant Jetwing Symphony to trade today". ft.lk. Wijeya Newspapers. 5 January 2018. Retrieved 2 December 2022.
6. "Sri Lanka's Jetwing Symphony posts profits for first time in March". Economy Next. Echelon Media (Pvt) Ltd. 13 May 2019. Retrieved 2 December 2022.
7. "Sri Lanka's Jetwing Symphony June losses grow with Easter Sunday hit". Economy Next. Echelon Media (Pvt) Ltd. 13 August 2019. Retrieved 2 December 2022.
8. Boyle, Emma. "Jetwing Yala". telegraph.co.uk. Telegraph Media Group. Retrieved 2 December 2022.
9. Illankoon, Panchali (2 November 2017). "Exploring Wellawaya with Jetwing Kaduruketha". Life Online. Wijeya Newspapers. Retrieved 2 December 2022.
10. "The Pinnacle of Colombo Seven". Daily News. Associated Newspapers of Ceylon Limited. 17 February 2017. Retrieved 2 December 2022.
11. "'Jetwing Kandy Gallery' to open in January". adaderana.lk. Ada Derana. 4 November 2019. Retrieved 2 December 2022.

External links

• Official website