Serendib Hotels PLC announced earnings results for the fourth quarter ended March 31, 2020. For the fourth quarter, the company announced sales was LKR 593.270 million compared to LKR 688.458 million a year ago. Operating income was LKR 155.919 million compared to LKR 184.250 million a year ago. Net income was LKR 8.404 million compared to LKR 156.258 million a year ago. Basic earnings per share was LKR 0.08 compared to LKR 1.4 a year ago. For the full year, sales was LKR 1,588.581 million compared to LKR 2,038.943 million a year ago. Operating income was LKR 28.773 million compared to LKR 214.567 million a year ago. Net loss was LKR 138.222 million compared to net income of LKR 38.734 million a year ago. Basic loss per share was LKR 1.24 compared to basic earnings per share of LKR 0.35 a year ago.