Tangerine Beach Hotels PLC reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was LKR 272.57 million compared to LKR 143.4 million a year ago. Net income was LKR 46.07 million compared to net loss of LKR 141.51 million a year ago. Basic earnings per share from continuing operations was LKR 2.3 compared to basic loss per share from continuing operations of LKR 7.08 a year ago.
For the nine months, sales was LKR 557.17 million compared to LKR 355.07 million a year ago. Net loss was LKR 59.22 million compared to LKR 233.15 million a year ago. Basic loss per share from continuing operations was LKR 2.96 compared to LKR 11.66 a year ago.