Mahaweli Reach Hotels PLC reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was LKR 140.78 million compared to LKR 112.56 million a year ago. Net loss was LKR 66.68 million compared to LKR 42.16 million a year ago.

Basic loss per share from continuing operations was LKR 1.42 compared to LKR 0.89 a year ago.