April 18, 2014 12:47 PM ET

Hotels, Restaurants and Leisure

Company Overview of Riverina Hotels PLC

Company Overview

As of December 5, 2012, Riverina Hotels PLC was acquired by Palm Garden Hotels PLC. Riverina Hotels PLC engages in the operation of hotels in Sri Lanka. It operates the Riverina hotel, a 4-star hotel located in the coastal fishing town of Beruwala, Sri Lanka consists of 192 rooms, restaurants, bars, spa, water sports, gymnasium, children's centre, discotheque, and meeting and conference facilities, as well as provides healing and rejuvenating treatments. The company also offers laundry services. Riverina Hotels PLC was incorporated in 1981 and is based in Rajagiriya, Sri Lanka.

100/1, Sri Jayawardenapura Mawatha

Rajagiriya,  

Sri Lanka

Founded in 1981

237 Employees

Phone:

94 11 588 0880

Fax:

94 11 286 5606

Key Executives for Riverina Hotels PLC

Riverina Hotels PLC does not have any Key Executives recorded.

Riverina Hotels PLC Key Developments

Riverina Hotels PLC Reports Unaudited Consolidated and Standalone Earnings Results for the Second Quarter and Six Ended September 30, 2012

Riverina Hotels PLC reported unaudited consolidated and standalone earnings results for the second quarter and six ended September 30, 2012. For the quarter, on standalone basis, the company reported revenue of LKR 0.00 compared to revenue of LKR 8,770,000 a year ago. Loss from operating activities was LKR 146,122,000 compared to LKR 64,192,000 a year ago. Loss before taxation was LKR 151,241,000 compared to LKR 86,500,000 a year ago. Loss for the period was LKR 151,241,000 or LKR 10.66 per share compared to loss for the period of LKR 86,500,000 or LKR 6.10 per share a year ago. For the six months, on standalone basis, the company reported revenue of LKR 0.00 compared to revenue of LKR 16,778,000 a year ago. Profit from operating activities was LKR 36,189,000 compared to loss from operating activities of LKR 89,440,000 a year ago. Profit before taxation was LKR 8,646,000 compared to loss before income taxation of LKR 134,156,000 a year ago. Profit for the period was LKR 8,646,000 or LKR 0.61 per share compared to loss for the period of LKR 134,156,000 or LKR 9.46 per share a year ago. Net cash generated from operating activities was LKR 557,476,000 compared to LKR 46,362,000 a year ago. Purchases of Property, Plant & Equipment were LKR 605,000 compared to LKR 19,459,000 a year ago. For the quarter, on consolidated basis, revenue was LKR 0.00 compared to revenue of LKR 8,777,000 a year ago. Loss from operating activities was LKR 147,626,000 compared to LKR 52,817,000 a year ago. Loss before taxation was LKR 152,733,000 compared to LKR 80,281,000 a year ago. Loss for the period was LKR 152,733,000 or LKR 10.77 per share compared to loss for the period of LKR 84,219,000 or LKR 5.94 per share a year ago. For the six months, on consolidated basis, revenue was LKR 0.00 compared to LKR 19,588,000 a year ago. Loss from operating activities was LKR 248,221,000 compared to LKR 79,375,000 a year ago. Loss before taxation was LKR 272,123,000 compared to LKR 124,145,000 a year ago. Loss for the period was LKR 272,123,000 or LKR 19.19 per share compared to loss for the period of LKR 128,083,000 or LKR 9.03 per share a year ago. Net cash generated from operating activities was LKR 557,575,000 compared to LKR 30,671,000 a year ago. Purchases of Property, Plant & Equipment were LKR 605,000 compared to LKR 19,470,000 a year ago.

Riverina Hotels PLC Reports Audited Group and Company Earnings Results for the Year Ended March 31, 2012

Riverina Hotels PLC reported audited group and company earnings results for the year ended March 31, 2012. For the period on group basis, the company reported revenue of LKR 17,421,863 compared to LKR 438,124,006 a year ago. Loss before tax was LKR 537,039,972 compared to LKR 11,432,491 a year ago. Loss attributable to equity holders of the parent was LKR 495,757,618 or LKR 34.96 per share compared to LKR 1,958,995 or LKR 0.14 per share a year ago. Net cash generated from operating activities was LKR 18,982,839 compared to LKR 38,411,684 a year ago. Purchases of property, plant & equipment was LKR 32,139,508 compared to LKR 10,250,844 a year ago. For the period on company basis, the company reported revenue of LKR 14,597,576 compared to LKR 412,731,693 a year ago. Loss before tax was LKR 577,798,449 compared to LKR 37,627,106 a year ago. Loss attributable to equity holders of the parent was LKR 539,140,613 or LKR 38.02 per share compared to LKR 27,313,694 or LKR 1.93 per share a year ago. Net cash generated from operating activities was LKR 29,174,116 compared to LKR 50,247,277 a year ago. Purchases of property, plant & equipment was LKR 32,129,006 compared to LKR 7,445,209 a year ago.

Riverina Hotels PLC Reports Group and Company Earnings Results for the First Quarter Ended June 30, 2012

Riverina Hotels PLC reported group and company earnings results for the first quarter ended June 30, 2012. For the quarter, on group basis, the company reported loss from operating activities of LKR 100.595 million, loss before taxation of LKR 119.390 million, net loss of LKR 119.390 million or LKR 8.42 per basic share compared to the loss from operating activities of LKR 26.558 million, loss before taxation of LKR 54.169 million, net loss of LKR 54.169 million or LKR 3.82 per basic share on revenues of LKR 28.365 million for the same quarter year ago. Net cash used in operating activities was LKR 13.208 million compared to the net cash generated from operating activities of LKR 119.298 million for the same quarter year ago. Purchase of property, plant and equipment was LKR 6,000 compared to the LKR 710,000 for the same quarter year ago. For the quarter, on company basis, the company reported profit from operating activities of LKR 182.310 million, profit before taxation of LKR 159.888 million, net profit of LKR 159.888 million or LKR 11.27 per basic share compared to the loss from operating activities of LKR 25.249 million, loss before taxation of LKR 47.656 million, net loss of LKR 47.656 million or LKR 3.36 per basic share on revenues of LKR 25.548 million for the same quarter year ago. Net cash used in operating activities was LKR 13.328 million compared to the net cash generated from operating activities of LKR 117.537 million for the same quarter year ago. Purchase of property, plant and equipment was LKR 6,000 compared to the LKR 700,000 for the same quarter year ago.

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