Palm Garden Hotels PLC reported unaudited group and company earnings results for the fourth quarter and year ended March 31, 2018. For the quarter, on group basis, the company’s revenue was LKR 594,902,000 compared to LKR 457,325,000 a year ago. Profit from operating activities was LKR 133,747,000 compared to loss of LKR 4,940,000 a year ago. Loss before income tax expense was LKR 122,621,000 compared to LKR 122,775,000 a year ago. Loss attributable to the equity holders of the company was LKR 106,198,000 or LKR 2.45 per share compared to LKR 96,885,000 or LKR 2.24 per share a year ago. For the year, on group basis, the company’s revenue was LKR 1,502,287,000 compared to LKR 1,083,018,000 a year ago. Profit from operating activities was LKR 51,308,000 compared to loss of LKR 73,516,000 a year ago. Loss before income tax expense was LKR 913,538,000 compared to LKR 485,411,000 a year ago. Loss attributable to the equity holders of the company was LKR 514,237,000 or LKR 11.89 per share compared to LKR 312,459,000 or LKR 7.22 per share a year ago. Net cash from operating activities was LKR 565,958,000 against LKR 652,970,000 a year ago. Acquisition of property, plant and equipment was LKR 2,012,284,000 against LKR 2,407,472,000 a year ago. For the quarter, the company’s profit from operating activities was LKR 287,070,000 compared to LKR 10,219,000 a year ago. Profit before income tax expense was LKR 238,041,000 compared to loss of LKR 24,079,000 a year ago. Profit attributable to the equity holders of the company was LKR 238,015,000 or LKR 5.50 per share compared to loss of LKR 24,125,000 or LKR 0.56 per share a year ago. For the year, the company’s profit from operating activities was LKR 284,784,000 compared to LKR 6,275,000 a year ago. Profit before income tax expense was LKR 117,517,000 compared to loss of LKR 112,442,000 a year ago. Profit attributable to the equity holders of the company was LKR 117,490,000 or LKR 2.72 per share compared to loss of LKR 112,489,000 or LKR 2.60 per share a year ago. Net cash used in operating activities was LKR 7,462,000 against LKR 4,139,000 a year ago.