Beruwala Resorts Ltd. Reports Audited Consolidated and Company Earnings Results for the Year Ended March 31, 2013
June 23, 2013
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Beruwala Resorts Ltd. reported audited consolidated and company earnings results for the year ended March 31, 2013. For the year, on consolidated basis, reported revenue of LKR 247,745,344 compared to LKR 268,599,581 a year ago. Profit from operating activities was LKR 17,842,811 against LKR 35,945,560 for the same period a year ago. Loss before taxation was LKR 7,648,608 compared to profit before tax of LKR 18,277,809 a year ago. Loss attributable to equity holders of the parent was LKR 8,244,127 or LKR 0.01 per share compared to profit of LKR 26,188,150 or LKR 0.04 per share a year ago. Net cash used in operating activities was LKR 57,651,880 compared to net cash generated from operations of LKR 63,377,419 a year ago. Acquisition of fixed assets was LKR 95,736,300 compared to LKR 76,933,577 a year ago.
For the year, on company basis, reported revenue of LKR 219,211,212 compared to LKR 240,006,432 a year ago. Profit from operating activities was LKR 25,493,213 against LKR 43,875,262 for the same period a year ago. Profit before taxation was LKR 9,533,829 compared to LKR 28,048,851 a year ago. Profit attributable to equity holders of the parent was LKR 8,158,196 or LKR 0.01 per share compared to LKR 31,315,361 or LKR 0.05 per share a year ago. Net cash used in operating activities was LKR 58,621,548 compared to net cash generated from operations of LKR 62,124,553 a year ago. Acquisition of fixed assets was LKR 95,061,216 compared to LKR 76,032,876 a year ago.
Beruwala Resorts PLC is a Sri Lanka-based company that is engaged in the business of a tourist hotel. The Company's segments include food, apartment, beverage and others. The Company operates The Palms Hotel, which is located at Moragalla, Beruwala, Sri Lanka. Its accommodation offers deluxe rooms and suite rooms. It offers various amenities, including double/twin beds, air conditioner, free Wi-Fi, mini fridge, telephone, flat-screen tv, 24-hour help desk, room service, safety deposit box, hairdryer, fan, satellite channels and jacuzzi. The Company's restaurants include Golden Palms, Fisherman's Wharf and Pavilion Bar. The Company also offers various services, such as wellness center, recreational and animation programs, entertainment, weddings, and meetings and events. Its recreational and animation programs include sandcastles, yoga, arts competitions for kids, water aerobics and dancing shows. Its entertainment services include live band, disc jockey (DJ), Calypso and magic shows.