Palm Garden Hotels PLC reported unaudited group and company earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported group revenue of LKR 364,065,000 compared to LKR 250,655,000 a year ago. Loss from operating activities was LKR 11,709,000 compared to profit of LKR 1,727,000 a year ago. Loss before income tax expense was LKR 284,127,000 compared to LKR 110,469,000 a year ago. Loss attributable to the equity holders of the company was LKR 143,295,000 or LKR 3.31 per share compared to LKR 69,808,000 or LKR 1.61 per share a year ago. For the nine months, the company group reported revenue of LKR 907,385,000 compared to LKR 625,693,000 a year ago. Loss from operating activities was LKR 82,439,000 compared to LKR 68,576,000 a year ago. Loss before income tax expense was LKR 790,918,000 compared to LKR 362,636,000 a year ago. Loss attributable to the equity holders of the company was LKR 408,040,000 or LKR 9.43 per share compared to LKR 215,574,000 or LKR 4.98 per share a year ago. Net cash used in operating activities was LKR 1,426,842,000 compared to net cash from operating activities of LKR 320,766,000 a year ago. Acquisition of property, plant and equipment was LKR 673,748,000 compared to LKR 2,189,606,000 a year ago. For the quarter, the company reported parent company loss from operating activities was LKR 1,022,000 compared to loss from operating activities of LKR 1,407,000 a year ago. Loss before income tax expense was LKR 43,064,000 compared to LKR 34,389,000 a year ago. Loss attributable to the equity holders of the company was LKR 43,064,000 or LKR 1.00 per share compared to LKR 34,389,000 or LKR 0.79 per share a year ago. For the nine months, the company parent company reported loss from operating activities was LKR 2,286,000 compared to loss from operating activities of LKR 3,944,000 a year ago. Loss before income tax expense was LKR 120,525,000 compared to LKR 88,364,000 a year ago. Loss attributable to the equity holders of the company was LKR 120,525,000 or LKR 2.79 per share compared to LKR 88,364,000 or LKR 2.04 per share a year ago. Net cash used in operating activities was LKR 5,666,000 compared to net cash from operating activities of LKR 486,860,000 a year ago.