Beruwala Resorts PLC Reports Audited Group and Company Earnings Results for the Year Ended March 31, 2014
June 17, 2014
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Beruwala Resorts PLC reported audited group and company earnings results for the year ended March 31, 2014. For the year, the group reported revenue of LKR 290,840,723 compared with LKR 247,745,344 for the same period last year. Loss before tax was LKR 30,602,002 compared with LKR 7,648,608 for the same period last year. Loss for the year was LKR 25,619,702 compared with LKR 8,244,127 for the same period last year. Profit from operating activities of LKR 8,754,526 compared with LKR 17,353,771 for the same period last year. Loss attributable to equity holders of the parent was LKR 25,619,702 compared with LKR 8,244,127 for the same period last year. Loss per share was LKR 0.04 against LKR 0.01 a year ago. Cash flows used in operating activities were LKR 63,670,210 compared with LKR 57,651,880 for the same period last year. Acquisition of fixed assets was LKR 44,282,128 compared with LKR 95,736,300 for the same period last year.
For the year, the company reported revenue of LKR 285,680,457 compared with LKR 219,211,212 for the same period last year. Profit before taxation was LKR 15,127,339 compared with LKR 9,533,829 for the same period last year. Profit for the year was LKR 15,057,630 compared with LKR 8,158,196 for the same period last year. Profit from operating activities of LKR 35,036,188 compared with LKR 25,101,151 for the same period last year. Profit attributable to equity holders of the parent was LKR 15,057,630 compared with LKR 8,158,196 for the same period last year. Earnings per share were LKR 0.03 against LKR 0.01 a year ago. Cash flows used in operating activities were LKR 71,424,159 compared with LKR 58,621,548 for the same period last year. Acquisition of fixed assets was LKR 35,317,303 compared with LKR 95,061,216 for the same period last year.
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.
BERUWALA RESORTS PLC 
