Palm Garden Hotels PLC announced earnings results for the fourth quarter ended March 31, 2020. For the fourth quarter, the company announced sales was LKR 401.379 million compared to LKR 533.934 million a year ago. Operating income was LKR 14.264 million compared to LKR 147.638 million a year ago. Net loss was LKR 790.088 million compared to LKR 117.840 million a year ago. Basic loss per share was LKR 18.26 compared to LKR 2.72 a year ago. For the full year, sales was LKR 1,108.259 million compared to LKR 1,436.557 million a year ago. Operating loss was LKR 237.717 million compared to operating Income of LKR 28.923 million a year ago. Net loss was LKR 1,551.250 million compared to LKR 804.729 million a year ago. Basic loss per share was LKR 35.85 compared to LKR 18.6 a year ago.