The Kandy Hotels Co. (1938) PLC reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was LKR 330.86 million compared to LKR 85.34 million a year ago. Net loss was LKR 72.62 million compared to net income of LKR 2.65 million a year ago. Basic loss per share from continuing operations was LKR 0.1.
For the six months, sales was LKR 416.44 million compared to LKR 146.65 million a year ago. Net loss was LKR 140.53 million compared to LKR 25.37 million a year ago. Basic loss per share from continuing operations was LKR 0.22 compared to LKR 0.04 a year ago.