Royal Palms Beach Hotels PLC reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported sales was LKR 182.63 million compared to LKR 69.08 million a year ago. Net income was LKR 84.35 million compared to net loss of LKR 7.64 million a year ago. Basic earnings per share from continuing operations was LKR 1.69 compared to basic loss per share from continuing operations of LKR 0.16 a year ago.
For the full year, sales was LKR 336.87 million compared to LKR 150.95 million a year ago. Net loss was LKR 23.42 million compared to LKR 128.86 million a year ago. Basic loss per share from continuing operations was LKR 0.47 compared to LKR 2.58 a year ago.