Beruwala Resorts plc Announces Unaudited Consolidated and Standalone Financial Results for the Third Quarter and Nine Months Ended December 31, 2012
February 04, 2013
Share
Beruwala Resorts PLC announced unaudited consolidated and standalone financial results for the third quarter and nine months ended December 31, 2012. For the quarter, on standalone basis, the company reported revenue of LKR 66,694,000 compared to LKR 71,028,000 a year ago. Profit before taxation was LKR 15,850,000 compared to LKR 19,199,000 a year ago. Net profit was LKR 15,850,000 or LKR 0.03 per share compared to LKR 19,199,000 or LKR 0.03 per share a year ago.
For the nine months, on standalone basis, the company reported revenue of LKR 122,974,000 compared to LKR 136,980,000 a year ago. Loss before taxation was LKR 16,789,000 compared to LKR 10,418,000 a year ago. Net loss was LKR 16,789,000 or LKR 0.03 per share compared to LKR 10,418,000 or LKR 0.02 per share a year ago. Cash generated from operations was negative LKR 70,036,000 compared to LKR 22,300,000 a year ago.
For the quarter, on consolidated basis, the company reported revenue of LKR 72,463,000 compared to LKR 77,856,000 a year ago. Profit before taxation was LKR 10,603,000 compared to LKR 18,766,000 a year ago. Net profit was LKR 10,603,000 or LKR 0.02 per share compared to LKR 18,766,000 or LKR 0.03 per share a year ago.
For the nine months, on standalone basis, the company reported revenue of LKR 141,213,000 compared to LKR 154,598,000 a year ago. Loss before taxation was LKR 31,111,000 compared to LKR 17,340,000 a year ago. Net loss was LKR 31,111,000 or LKR 0.05 per share compared to LKR 17,340,000 or LKR 0.02 per share a year ago. Cash generated from operations was negative LKR 69,294,000 compared to LKR 34,557,000 a year ago.
Beruwala Resorts PLC is a Sri Lanka-based company that is engaged in the business of a tourist hotel. The Company's segments include food, apartment, beverage and others. The Company operates The Palms Hotel, which is located at Moragalla, Beruwala, Sri Lanka. Its accommodation offers deluxe rooms and suite rooms. It offers various amenities, including double/twin beds, air conditioner, free Wi-Fi, mini fridge, telephone, flat-screen tv, 24-hour help desk, room service, safety deposit box, hairdryer, fan, satellite channels and jacuzzi. The Company's restaurants include Golden Palms, Fisherman's Wharf and Pavilion Bar. The Company also offers various services, such as wellness center, recreational and animation programs, entertainment, weddings, and meetings and events. Its recreational and animation programs include sandcastles, yoga, arts competitions for kids, water aerobics and dancing shows. Its entertainment services include live band, disc jockey (DJ), Calypso and magic shows.