September 19, 2014 11:02 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.

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