Royal Palms 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 311.37 million compared to LKR 163.94 million a year ago. Net income was LKR 84.88 million compared to net loss of LKR 127.92 million a year ago. Basic earnings per share from continuing operations was LKR 1.7 compared to basic loss per share from continuing operations of LKR 2.56 a year ago.
For the nine months, sales was LKR 652.27 million compared to LKR 364.79 million a year ago. Net income was LKR 37.94 million compared to net loss of LKR 179.39 million a year ago. Basic earnings per share from continuing operations was LKR 0.76 compared to basic loss per share from continuing operations of LKR 3.59 a year ago.