The Kandy Hotels Co. (1938) PLC reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was LKR 274.73 million compared to LKR 77.87 million a year ago. Net loss was LKR 83.35 million compared to net income of LKR 10.71 million a year ago. Basic loss per share from continuing operations was LKR 0.11 compared to basic earnings per share from continuing operations of LKR 0.02 a year ago.
For the nine months, sales was LKR 691.17 million compared to LKR 224.52 million a year ago. Net loss was LKR 223.88 million compared to LKR 14.67 million a year ago. Basic loss per share from continuing operations was LKR 0.33 compared to LKR 0.03 a year ago.