Palm Garden Hotels PLC reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was LKR 491.6 million compared to LKR 163.49 million a year ago. Net loss was LKR 1,386.03 million compared to LKR 437.59 million a year ago. Basic loss per share from continuing operations was LKR 32.03 compared to LKR 10.11 a year ago.
For the nine months, sales was LKR 1,243.13 million compared to LKR 636.22 million a year ago. Net loss was LKR 3,527.81 million compared to LKR 1,224.73 million a year ago. Basic loss per share from continuing operations was LKR 81.54 compared to LKR 28.31 a year ago.