Beruwala Resorts PLC Reports Unaudited Group and Company Earnings Results for the Six Months Ended September 30, 2012
November 05, 2012
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Beruwala Resorts PLC reported unaudited group and company earnings results for the six months ended September 30, 2012. For the period, the group reported revenue of LKR 68,749,000 compared to LKR 76,742,000 a year ago. Loss before taxation was LKR 41,715,000 compared to LKR 36,107,000 a year ago. Net loss for the period was LKR 41,715,000 compared to LKR 36,107,000 a year ago. Net loss attributable to equity holders of the parent was LKR 41,715,000 or LKR 0.06 per share compared to LKR 33,186,000 or LKR 0.06 per share a year ago. Net cash used in operating activities was LKR 101,377,000 compared to net cash flows from operating activities of LKR 2,321,000 a year ago. Acquisition of fixed assets was LKR 54,125,000 compared to LKR 2,254,000 a year ago.
For the six months period, the company reported revenue of LKR 56,280,000 compared to LKR 65,952,000 a year ago. Loss before taxation was LKR 32,639,000 compared to LKR 29,617,000 a year ago. Net loss for the period was LKR 32,639,000 compared to LKR 29,617,000 a year ago. Net loss attributable to equity holders of the parent was LKR 32,639,000 or LKR 0.05 per share compared to LKR 29,617,000 or LKR 0.05 per share a year ago. Net cash used in operating activities was LKR 100,677,000 compared to net cash flows from operating activities of LKR 1,786,000 a year ago. Acquisition of fixed assets was LKR 62,591,000 compared to LKR 1,599,000 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.
BERUWALA RESORTS PLC 
