Beruwala Resorts Ltd. Reports Audited Consolidated and Company Earnings Results for the Year Ended March 31, 2012
July 24, 2012
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Beruwala Resorts Ltd. reported audited consolidated and company earnings results for the year ended March 31, 2012. For the year, on consolidated basis, reported revenue of LKR 270,399,522 compared to LKR 189,936,171 a year ago. Profit before taxation was LKR 17,929,635 compared to LKR 179,231,838 a year ago. Profit attributable to equity holders of the parent was LKR 25,700,140 or LKR 0.04 per share compared to LKR 178,143,880 or LKR 0.29 per share a year ago. Cash generated from operations was LKR 63,377,420 compared to LKR 102,410,932 a year ago. Acquisition of fixed assets was LKR 76,933,577 compared to LKR 18,536,078 a year ago.
For the year, on company basis, reported revenue of LKR 241,806,372 compared to LKR 171,833,535 a year ago. Profit before taxation was LKR 27,938,515 compared to LKR 13,307,212 a year ago. Profit attributable to equity holders of the parent was LKR 31,205,025 or LKR 0.05 per share compared to LKR 9,749,760 or LKR 0.02 per share a year ago. Cash generated from operations was LKR 62,124,553 compared to LKR 16,466,428 a year ago. Acquisition of fixed assets was LKR 76,032,876 compared to LKR 6,355,036 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.