Royal Palms Beach Hotels PLC reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was LKR 163.94 million compared to LKR 91 million a year ago. Net loss was LKR 127.92 million compared to LKR 29.45 million a year ago. Basic loss per share from continuing operations was LKR 2.56 compared to LKR 0.59 a year ago.
For the nine months, sales was LKR 364.79 million compared to LKR 154.24 million a year ago. Net loss was LKR 179.39 million compared to LKR 107.78 million a year ago. Basic loss per share from continuing operations was LKR 3.59 compared to LKR 2.16 a year ago.