Marawila Resorts PLC Announces Unaudited Earnings Results for the Quarter and Year Ended March 31, 2018
Marawila Resorts PLC announced unaudited earnings results for the quarter and year ended March 31, 2018. For the quarter, the company's reported revenue was LKR 159,953,000 compared with LKR 134,553,000 a year ago. Profit from operating activities was LKR 50,833,000 compared loss from operating activities of LKR 14,940,000 a year ago. Profit before taxation was LKR 39,535,000 compared to loss before taxation of LKR 24,145,000 a year ago. Net profit for the period was LKR 28,123,000 or LKR 0.12 per share compared to net loss for the period of LKR 26,766,000 or LKR 0.12 per share a year ago.
For the year, the company's reported revenue was LKR 444,865,000 compared with LKR 422,633,000 a year ago. Profit from operating activities was LKR 46,327,000 compared loss from operating activities of LKR 31,874,000 a year ago. Profit before taxation was LKR 10,532,000 compared to loss before taxation of LKR 76,500,000 a year ago. Net loss for the period was LKR 1,144,000 or LKR 0.01 per share compared to LKR 79,640,000 or LKR 0.36 per share a year ago. Net cash flow from operating activities was LKR 58,881,000 compared with LKR 91,235,000 a year ago. Acquisition of property plant & equipment was LKR 26,645,000 compared with LKR 15,775,000 a year ago.