Tangerine Beach Hotels PLC announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced sales was LKR 174.256 million compared to LKR 197.109 million a year ago. Net income was LKR 46.529 million compared to LKR 49.203 million a year ago. Basic earnings per share was LKR 2.33 compared to LKR 2.46 a year ago. For the nine months, sales was LKR 357.752 million compared to LKR 431.019 million a year ago. Net loss was LKR 30.833 million compared to net income of LKR 17.344 million a year ago. Basic loss per share was LKR 1.54 compared to basic earnings per share of LKR 0.87 a year ago.