For the quarter ended December 31, 2012, Galadari incurred a foreign exchange loss of Rs.191 million amidst a Rs.200 million loss for the quarter.
Galadari has Rs.9.1 billion in accumulated losses and 1.3 billion rupees in net assets.The firm's long term debt is over four times its net assets at Rs.6.2 billion and its building and leased land is valued at Rs.7.6 billion. In October last year, the firm announced its plans to convert part of its debt into equity.
The purchase of the troubled hotel by the EPF from Nawaloka Hospital PLC caused much controversy.
In compliance with the Companies Act, Galadari plans to convene an Extraordinary General Meeting regarding the issue on May 29, 2012 at the main ball room of the hotel.