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.