Royal Palms Beach Hotels PLC reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was LKR 147.56 million compared to LKR 127.78 million a year ago. Net loss was LKR 43.35 million compared to net income of LKR 16.01 million a year ago.

Basic loss per share from continuing operations was LKR 0.87 compared to basic earnings per share from continuing operations of LKR 0.32 a year ago.