Earnings for Taj Lanka Hotels Ltd., the owners of Taj Samudra Hotel in Colombo and Taj Exotica Hotel in Bentota, are expected to top Rs.
155 mn for the financial year 2003/4.
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rnLanka Orix Securities in a research report says Taj Lanka Ltd will also greatly benefit from the ongoing tourism boom and falling interest rates, which are pushing its finance and debt restructuring costs down.rn
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Asia Securities on Thursday put up a 3.7 mn parcel of Taj Hotel Ltd., on an all or nothing basis, with the offer closing on Friday.rnrn