The Kandy Hotels Co. (1938) PLC reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was LKR 77.9 million compared to LKR 53.09 million a year ago. Net income was LKR 10.71 million compared to net loss of LKR 7.17 million a year ago. Basic earnings per share from continuing operations was LKR 0.02 compared to basic loss per share from continuing operations of LKR 0.01 a year ago.
For the nine months, sales was LKR 225.08 million compared to LKR 103.5 million a year ago. Net loss was LKR 14.67 million compared to LKR 105.54 million a year ago. Basic loss per share from continuing operations was LKR 0.03 compared to LKR 0.18 a year ago.