Tangerine Beach Hotels PLC Announces Earnings Results for the First Quarter Ended June 30, 2018
Tangerine Beach Hotels PLC announced earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported revenue was LKR 102,060,000 against LKR 114,209,000 a year ago. Loss before tax was LKR 22,264,000 against LKR 9,336,000 a year ago. Net loss for the period was LKR 26,518,000 against LKR 12,189,000 a year ago. Basic loss per share was LKR 1.33 against LKR 0.61 a year ago. Net cash from operating activities was LKR 30,713,000 against LKR 5,275,000 a year ago. acquisition of property plant and equipment was LKR 23,727,000 against 23,187,000 a year ago.