Lotus Tower sees revenue increase under new management

THE Colombo Lotus Tower Management Company (CLTMC) said that it has increased revenue by 31% since it took over administration.

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This was disclosed by the CLTMC Chairman Shirantha Peries and Chief Executive Officer (CEO) Dr. Chamaru de Alwis, at a press briefing on Tuesday evening.

"Since we took over the administration exactly a year ago, the CLTMC has demonstrated remarkable financial progress under the new management," CLTMC Chairman Shirantha Peries, addressing a press briefing on Tuesday which was attended by CEO Dr. Chamaru de Alwis.

"For the period ending August 2025, revenue reached Rs. 1.43 billion, a 31% increase compared to the same period in 2024. The gross profit grew by 77% to Rs. 786.86 million, with margins improving from 42% to 55%. Our Profit Before Tax (PBT) surged by 192% to Rs. 539.93 million, with margins rising from 18% to 38%. This strong performance reflects disciplined management, prudent decision-making, and effective cost controls," Peries said, highlighting the possibility of further enhancing on efficiency and services provided to visitors of the country's and South Asia's tallest self-supported structure.

Since October 2024, the Colombo Lotus Tower has been under new management, led by the Chairman Peries, CEO Dr. de Alwis and the Board of Directors. CLTMC boasts a team of more than 120.

The new management has focused on enhancing safety, operational efficiency, visitor experience, and financial performance, while positioning the Tower as a premier cultural, entertainment, and adventure destination in South Asia.

CLTMC remains committed to upholding international standards of safety, operational efficiency, financial transparency, and innovation, and with strategic initiatives underway, the Company is focused on establishing Colombo Lotus Tower as South Asia's foremost hub for Education, Technology, and Entertainment.