Ceylon Hotels : Quarterly Financial Statements for Q/E 30/06/2022

Interim Condensed Financial Statements

Three Months Ended 30th June 2022

Ceylon Hotels Corporation PLC

A Member of the Galle Face Group

Ceylon Hotels Corporation PLC

CORPORATE INFORMATION

Stock Exchange Listing

The Ordinary Shares of the Corporation are listed with the Colombo Stock Exchange of Sri Lanka

Directors

Lakshman Samarasinghe - Chairman

Sanjeev Gardiner

Priyantha Maddumage

Kuvera De Zoysa

Mangala Boyagoda

Kamantha Amarasekera

Ajith Devasurendra

Ranil Pathirana

Shalike Karunasena

Revantha Devasurendra (Alternate Director to Ajith Devasurendra)

Secretaries

Accounting Systems Secretarial Services (Pvt) Ltd

Level 03, No 11, Castle Lane, Colombo 04

Registered Office

Ceylon Hotels Corporation PLC

No.327, Union Place, Colombo 02.

Company Registration No PB 3283

Telephone:- 011 2449168/ 011 2421847 /011 5634573 / 011 5634649

Fax : [phone]

Auditors

KPMG

32A, Sir Mohamed Macan Markar Mawatha, Colombo 03.

Hotel Reservations

Ceylon Hotels Corporation PLC

Regency Wing - Galle Face Hotel

No. 02, Galle Road, Colombo 03

Tel: [phone] Fax : [phone]

Email : [e-mail]

Website : www.chcresorts.lk

CEYLON HOTELS CORPORATION PLC

STATEMENT OF PROFIT OR LOSS

	Group			Company		Variance
	Three Months Ended		Three Months Ended		Group
	30th June		30th June
	2022			2021		2022	2021		%
	(Rs.'000')			(Rs.'000')		(Rs.'000')	(Rs.'000')
Revenue	160,540			84,477		2,012	1,857		90%
Cost of sales	(61,593)			(30,507)		(1,946)	(1,794)		102%
Gross profit / (loss)	98,947			53,970		66	63		83%
Other income	1,871			418		-	-		348%
Distribution expenses	(11,012)			(4,623)		-	-		138%
Administration expenses	(156,017)			(110,119)		(2,858)	(991)		42%
Profit/(Loss) from operations	(66,211)			(60,354)		(2,792)	(928)		10%
Finance income (Note 08)	375,155			17,346		18,617	6,304		2063%
Finance cost (Note 08)	(187,961)			(42,098)		(27,235)	(18,086)		346%
Net finance income	187,194			(24,752)		(8,617)	(11,782)		(856%)
Share of loss of equity accounted investees, net	(8,532)			(37,401)		-	-		(77%)
of tax
Profit/(Loss) before taxation from continuing
operations	112,451			(122,507)		(11,409)	(12,710)		(192%)
Income Tax	(6,536)			3,219		-	-		(303%)
Profit/(Loss) for the period from continuing
operations	105,915			(119,288)		(11,409)	(12,710)		(189%)
Discontinued operations
Loss from discontinued operations, net of tax	(1,454)			-		-	-		100%
Profit/(loss) for the period	104,461			(119,288)		(11,409)	(12,710)		(188%)
Profit/(Loss) attributable to:
Equity holders of the company	79,237			(96,376)		-	-		(182%)
Non controlling interest	25,224			(22,912)		-	-		(210%)
Profit/(loss) for the period	104,461			(119,288)		-	-		(188%)
Profit/(loss) per share (Rs.)	0.44			(0.54)		-	-
Profit/(loss) per share (Rs.)- continuing
operations	0.45			(0.54)		0.00	0.00

Note : The above figures for the twelve months ended 30th June 2022 are provisional and subject to Audit. Figures in brackets indicate deductions.

All values are in Rupees Thousands unless otherwise stated.

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CEYLON HOTELS CORPORATION PLC

STATEMENT OF COMPREHENSIVE INCOME

	Group		Company
	Three Months Ended		Three Months Ended
	30th June		30th June
	2022		2021		2022		2021
	(Rs. '000')		(Rs. '000')		(Rs. '000')		(Rs. '000')
Profit/(loss) for the period	104,461		(119,288)		(11,409)		(12,710)
Other comprehensive income	-		-		-		-
Total comprehensive income/(expense) for the period net of tax	104,461		(119,287)		(11,409)		(12,710)
Total Comprehensive income/(expense) attributable to :
Owners of the company	79,237		(96,376)		(11,409)		(12,710)
Non controlling interest	25,224		(22,912)		-		-
Total comprehensive income/(expense) for the period	104,461		(119,288)		(11,409)		(12,710)

Note : The above figures for the twelve months ended 30th June 2022 are provisional and subject to Audit. Figures in brackets indicate deductions.

All values are in Rupees Thousands unless otherwise stated.

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