Palm Garden Hotels PLC reported unaudited group and standalone earnings results for the first quarter ended June 30, 2018. For the quarter, the company’s group revenue was LKR 219,221,000 compared to LKR 223,315,000 a year ago. Profit before operating expenses was LKR 163,317,000 compared to LKR 172,512,000 a year ago. Loss from operating activities was LKR 91,960,000 compared to LKR 82,720,000 a year ago. Loss before income tax expense was LKR 412,223,000 compared to LKR 260,763,000 a year ago. Loss attributable to equity holders of the company was LKR 215,130,000 or LKR 4.97 per share, compared to LKR 131,315,000 or LKR 3.03 per share, a year ago. Net cash from operating activities was LKR 724,491,000 compared to net cash used in operating activities of LKR 662,112,000 a year ago. For the quarter, the company’s standalone profit before operating expenses was LKR 511,000 compared to LKR 410,000 a year ago. Loss from operating activities was LKR 2,032,000 compared to LKR 379,000 a year ago. Loss before income tax expense was LKR 56,242,000 compared to LKR 37,533,000 a year ago. Loss attributable to equity holders of the company was LKR 56,242,000 or LKR 1.30 per share, compared to LKR 37,533,000 or LKR 0.87 per share, a year ago. Net cash from operating activities was LKR 1,181,000 compared to net cash used in operating activities of LKR 764,000 a year ago. Acquisition of property, plant and equipment was LKR 357,926,000 compared to LKR 356,350,000 a year ago.