Mahaweli Reach Hotels 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 123.63 million compared to LKR 118.3 million a year ago. Net loss was LKR 60.88 million compared to LKR 10.47 million a year ago. Basic loss per share from continuing operations was LKR 1.29 compared to LKR 0.22 a year ago.
For the nine months, sales was LKR 366.45 million compared to LKR 235.94 million a year ago. Net loss was LKR 173.07 million compared to LKR 106.19 million a year ago. Basic loss per share from continuing operations was LKR 3.68 compared to LKR 2.26 a year ago.