Hikkaduwa Beach Resort PLC announced unaudited group and company earnings results for the first quarter ended June 30, 2018. For the quarter, on group basis, the company reported revenue of LKR 189,474,805 compared to LKR 61,123,281 a year ago. Operating loss was LKR 32,648,641 against profit of LKR 114,134 a year ago. Loss before tax was LKR 132,021,793 compared to profit of LKR 5,297,492 a year ago. Loss for the period was LKR 132,021,793 compared to LKR 626,199 a year ago. Basic loss per share was LKR 0.64 compared to LKR 0.01 a year ago. Net cash used in operating activities was LKR 83,980,804 compared to net cash generated from operating activities of LKR 15,289,524 a year ago. Acquisition of property, plant and equipment was LKR 5,075,674 compared to LKR 3,184,711 a year ago. For the quarter, on company basis, the company reported revenue of LKR 58,529,675 compared to LKR 61,123,281 a year ago. Operating loss was LKR 5,279,013 against profit of LKR 114,134 a year ago. Loss before tax was LKR 32,916,506 compared to profit of LKR 5,297,492 a year ago. Loss for the period was LKR 32,916,506 compared to LKR 626,199 a year ago. Net cash used in operating activities was LKR 47,936,599 compared to net cash generated from operating activities of LKR 15,289,524 a year ago. Acquisition of property, plant and equipment was LKR 1,938,374 compared to LKR 3,184,711 a year ago.