By: Staff Writer
October 04, Colombo (LNW): The Colombo Lotus Tower Management Company (CLTMC) has reported a 31% surge in revenue within a year since the new management team took charge, marking a major turnaround for one of Sri Lanka’s landmark attractions.
Speaking at a media briefing, CLTMC Chairman Shirantha Peries and CEO Dr. Chamaru de Alwis said the company recorded Rs. 1.43 billion in revenue for the eight months ending August 2025, compared to the same period in 2024. Gross profit climbed 77% to Rs. 786.9 million, while profit before tax soared 192% to Rs. 539.9 million, reflecting improved efficiency and strict financial discipline.
“This strong performance reflects disciplined management, prudent decision-making, and effective cost controls,” Peries said, adding that the team remains focused on enhancing visitor experience and operational excellence at South Asia’s tallest self-supported structure.
Since taking over in October 2024, the new management comprising over 120 professionals has prioritised safety, service quality, and profitability. The leadership acted swiftly after a tragic incident last year to reinforce safety protocols, including installing steel mesh barriers, expanding CCTV surveillance, and increasing security staff across key zones.
A key milestone has been digital transformation, including a fully digital ticketing platform replacing manual systems, ensuring transparency and convenience. A smart parking solution with real-time monitoring is set for launch within two months.
The management has also pursued legal action to safeguard the Tower’s commercial rights and introduced measures to lease underutilised spaces, enhancing income streams. “Every square foot counts as a potential investment,” said Dr. de Alwis, noting that the Tower is evolving into a vibrant hub for leisure, technology, and business.
Looking ahead, CLTMC is preparing several high-profile projects. These include a Rs. 100 million Aquarium Café venture, Sri Lanka’s first bungee jump attraction expected to be the world’s highest tower-based jump and the repositioning of luxury suites on the 28th floor as premium accommodation for high-end visitors.
Additionally, a 42,000 sq. ft. warehouse redevelopment is under discussion with multinational investors, potentially attracting new foreign direct investment.
Peries said the management remains committed to building Lotus Tower into South Asia’s premier hub for education, technology, and entertainment, ensuring it continues to serve as a national asset that delivers both financial value and world-class experiences
