Mahaweli Reach Hotels PLC Reports Earnings Results for the Fourth Quarter and Year Ended March 31, 2019
Mahaweli Reach Hotels PLC reported earnings results for the fourth quarter and year ended March 31, 2019. For the quarter, the company reported revenue of LKR 177,010,937 against LKR 175,956,885 a year ago. Operating profit was LKR 21,010,752 against LKR 25,302,253 a year ago. Profit for the period was LKR 14,508,355 against LKR 18,308,677 a year ago. Basic earnings per share was LKR 0.31 against LKR 0.39 a year ago.
For the year, the company reported revenue of LKR 597,938,556 against LKR 548,395,402 a year ago. Operating loss was LKR 1,389,436 against LKR 13,234,301 a year ago. Loss for the period was LKR 27,137,473 against LKR 38,967,394 a year ago. Basic loss per share was LKR 0.58 against LKR 0.83 a year ago.