Palm Garden Hotels PLC announced unaudited group and company earnings results for the quarter ended June 30, 2017. For the quarter, on group basis the company reported revenue of LKR 223,315,000 as compared to LKR 160,616,000 for the same period last year. Profit before operating expenses was LKR 172,512,000 as compared to LKR 113,036,000 for the same period last year. Loss from operating activities was LKR 82,719,000 as compared to LKR 61,222,000 for the same period last year. Loss before income tax expense was LKR 260,762,000 as compared to LKR 147,069,000 for the same period last year. Loss for the period was LKR 260,762,000 as compared to LKR 147,069,000 for the same period last year. Loss attributable to equity holders of the company was LKR 131,315,000 as compared to LKR 80,018,000 for the same period last year. Loss per share based on PAT was LKR 3.03 as compared to LKR 1.85 for the same period last year. Net cash used in operating activities was LKR 662,112,000 as compared to net cash from operating activities of LKR 189,794,000 for the same period last year. Acquisition of property, plant and equipment was LKR 356,350,000 as compared to LKR 437,816,000 for the same period last year. For the quarter, on company basis the company reported profit before operating expenses was LKR 410,000 as compared to LKR 57,000 for the same period last year. Loss from operating activities was LKR 379,000 as compared to LKR 798,000 for the same period last year. Loss before income tax expense was LKR 37,533,000 as compared to LKR 22,072,000 for the same period last year. Loss for the period was LKR 37,533,000 as compared to LKR 22,072,000 for the same period last year. Loss attributable to equity holders of the company was LKR 37,533,000 as compared to LKR 22,072,000 for the same period last year. Loss per share based on PAT was LKR 0.87 as compared to LKR 0.51 for the same period last year. Net cash used in operating activities was LKR 764,000 as compared to LKR 310,000 for the same period last year.