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    RHTL.N0000   LK0308N00003

THE FORTRESS RESORTS PLC

(RHTL.N0000)
  Report
End-of-day quote Colombo Stock Exchange  -  2023-01-31
15.50 LKR   +3.33%
02/02Fortress Resorts : Interim Financial Statement for the period ended 31st December 2022
PU
2022The Fortress Resorts PLC Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
CI
2022Fortress Resorts : Interim Financial Statement for the period ended 30th September 2022
PU
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Fortress Resorts : Interim Financial Statement for the period ended 30th September 2022

11/10/2022 | 04:47am EST

THE FORTRESS RESORTS PLC

INTERIM FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

30 TH SEPTEMBER 2022

THE FORTRESS RESORTS PLC

INTERIM FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 TH SEPTEMBER 2022

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 TH SEPTEMBER

As.At

As.At

Change

30.09.2022

31.03.2022

%

Audited

ASSETS

Rs. '000'

Rs. '000'

Non-Current Assets

Property, Plant & Equipment

1,180,737

1,206,227

(2)

Right to use of Assets

42,312

43,268

(2)

Intangible Assets

1,858

1,695

10

Current Assets

1,224,907

1,251,190

(2)

Inventories

23,646

19,806

19

Trade and Other Receivables

21,552

47,470

(55)

Advances and Prepayments

33,867

30,163

12

Short Term Deposits

472,859

525,768

(10)

Cash and Cash equivalants

4,983

44,869

(89)

Total Assets

556,907

668,076

(17)

1,781,814

1,919,266

(7)

EQUITY AND LIABILITIES

Capital and Reserves

Stated Capital

1,108,867

1,108,867

-

Accumulated Profits

502,140

519,796

3

Equity attributable to Equity Holders of the Parent

1,611,007

1,628,663

1

Non Controlling Interest

1

1

-

Total Equity

1,611,008

1,628,664

1

Non-Current Liabilities

Interest Bearing Loans and Borrowings

55,709

93,164

40

Retirement Benefit Obligation

19,850

19,108

(4)

Deferred Tax Liability

8,821

8,821

-

Current Liabilities

84,380

121,093

30

Trade and Other Payables

51,129

58,755

13

Contract Liabilities

21,423

59,508

64

Interest Bearing Loans and Borrowings

10,737

47,797

78

Income Tax Payables

3,137

3,449

9

86,426

169,509

49

Total Equity and Liabilities

7

1,781,814

1,919,266

Net Asset Value per Share (Rs.)

14.53

14.69

I certify that these financial statements are in complience with the requirements of the Companies Act No.7 of 2007

Sgd

Chief Financial Officer

The Board of Directors is responsible for the preperation and presentaion of these Financial statements. Signed for and on behalf of the Board by,

Sgd

Sgd

Director

Director

Colombo

10 th November 2022

Note :The above figures for the interim period are not audited

THE FORTRESS RESORTS PLC

INTERIM FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 TH SEPTEMBER

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE PERIOD ENDED 30 TH SEPTEMBER

FOR 3 MONTHS ENDED

Change

YEAR TO DATE

Change

30.09.2022

30.09.2021

%

30.09.2022

30.09.2021

%

Rs. '000'

Rs. '000'

Rs. '000'

Rs. '000'

Revenue

28,735

7,734

272

154,749

34,341

351

Cost of Sales

(24,577)

(11,925)

(106)

(61,931)

(27,346)

(126)

Gross Profit

199

1,227

4,158

(4,191)

92,818

6,995

Other

Income and Gains

-

-

16,202

292

5,449

Selling

and Marketing Expenses

(4,325)

(3,002)

(44)

(8,889)

(5,611)

(58)

Administrative Expenses

(74,496)

(55,721)

(34)

(141,042)

(113,436)

(24)

Finance Cost

(1,741)

(3,330)

48

(4,276)

(6,967)

39

Finance Income

20,418

7,207

183

35,234

16,958

108

Profit/(Loss) before Tax

5

90

(55,986)

(59,037)

(9,953)

(101,769)

Income (Tax Expenses)/ Reversal

(2,291)

3,871

(159)

(7,705)

7,135

(208)

Profit/(Loss) for the period

(6)

81

(58,277)

(55,166)

(17,658)

(94,634)

Other Comprehensive Income

-

-

Actuarial gain/(loss) on Defined Benefit Plan

-

-

-

-

Income tax effect

-

-

-

-

Net other comprehensive income not to be reclassified to profit

-

or loss in subsequent periods

-

-

-

-

Other comprehensive income for the year ,net of tax

-

-

-

-

Total Comprehensive Income/(loss) for the period net of Tax

(6)

81

(58,277)

(55,166)

(17,658)

(94,634)

Profit and total comprehensive income attributable to

Entire profit and total comprehensive income is attributable to the equity holders of the parent

Basic Earnings/(Loss) Per Share

(0.53)

(0.50)

(6)

(0.16)

(0.85)

81

Dividend per share

-

-

-

-

Note :The above figures for the interim period are not audited : Figures in brackets indicate deductions

THE FORTRESS RESORTS PLC

INTERIM FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 TH SEPTEMBER 2022

COMPANY, STATEMENT OF FINANCIAL POSITION AS AT 30 TH SEPTEMBER

As.At

As.At

Change

30.09.2022

31.03.2022

%

Audited

ASSETS

Rs. '000'

Rs. '000'

Non-Current Assets

Investment In Subsidiary

1,000,010

1,000,010

-

1,000,010

1,000,010

-

Current Assets

Other Receivables

94,290

97,019

(3)

Cash and Cash Equivalents

44

44

-

Total Assets

94,334

97,063

(3)

1,094,344

1,097,073

-

EQUITY AND LIABILITIES

Capital and Reserves

Stated Capital

1,108,867

1,108,867

-

Accumilated Profits/(losses)

(16,307)

(13,677)

19

Total Equity

1,092,560

1,095,190

-

Non-Current Liabilities

Interest Bearing Loans and Borrowings

-

-

Retirement Benefit Obligation

-

-

-

Current Liabilities

-

-

Trade & Other Payables

1,784

1,883

5

Bank Overdraft

-

-

-

Total Equity and Liabilities

1,784

1,883

-

1,094,344

1,097,073

-

Net Asset value per share (Rs.)

9.85

9.88

-

I certify that these financial statements are in complience with the requirements of the Companies Act No.7 of 2007

Sgd

Chief Financial Officer

The Board of Directors is responsible for the preperation and presentaion of these Financial statements. Signed for and on behalf of the Board by,

Sgd

Sgd

Director

Director

Colombo

10 th November 2022

Note :The above figures for the interim period are not audited

THE FORTRESS RESORTS PLC

INTERIM FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 TH SEPTEMBER 2022

COMPANY, STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE PERIOD ENDED 30 TH SEPTEMBER

FOR 3 MONTHS ENDED

Change

YEAR TO DATE

Change

30.09.2022

30.09.2021

%

30.09.2022

30.09.2021

%

Revenue

Rs. '000'

Rs. '000'

Rs. '000'

Rs. '000'

-

-

-

-

-

Cost of Sales

-

-

-

-

-

Gross Profit

-

-

-

-

-

Other Income and Gains

-

-

-

-

-

-

Selling and Marketing Expenses

-

-

-

-

Administrative Expenses

(766)

(1,677)

54

(2,630)

(2,298)

(14)

Finance Cost

-

-

-

-

-

-

Finance Income

-

-

-

-

-

Profit/(Loss) before Tax

(766)

(1,677)

54

(2,630)

(2,298)

14

Income Tax Expenses

-

-

-

-

-

Profit /(Loss) for the period

54

14

(766)

(1,677)

(2,630)

(2,298)

Other Comprehensive Income/(Loss)

-

Total Comprehensive Income/(Loss) for the period

54

14

(766)

(1,677)

(2,630)

(2,298)

Basic Earnings / (Loss) per share for the period

(0.01)

(0.02)

54

(0.02)

(0.02)

14

Dividend per share

-

-

-

-

-

Note :The above figures for the interim period are not audited : Figures in brackets indicate deductions

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Fortress Resorts plc published this content on 10 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2022 09:46:06 UTC.


ę Publicnow 2022
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Financials
Sales 2022 349 M 0,96 M 0,96 M
Net income 2022 33,0 M 0,09 M 0,09 M
Net cash 2022 430 M 1,18 M 1,18 M
P/E ratio 2022 41,9x
Yield 2022 -
Capitalization 1 730 M 4,74 M 4,74 M
EV / Sales 2021 11,9x
EV / Sales 2022 2,74x
Nbr of Employees 131
Free-Float 36,2%
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Income Statement Evolution
Managers and Directors
Kulappuarachchige Don Harendra Perera Managing Director & Non-Executive Director
Kulapurachchige Dhammika D. Perera Chairman
Lalith Nihal de Silva Wijeyeratne Independent Non-Executive Director
Chathura Vishvajit Cabraal Independent Non-Executive Director
Chethiya Minendra Umagiliya Weerawardena Independent Non-Executive Director
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