Balangoda Plantations PLC reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was LKR 1,086.93 million compared to LKR 1,769.59 million a year ago. Net income was LKR 14.74 million compared to LKR 460.29 million a year ago. Basic earnings per share from continuing operations was LKR 0.31 compared to LKR 19.47 a year ago.
For the six months, sales was LKR 2,277.05 million compared to LKR 2,814.4 million a year ago. Net income was LKR 168.57 million compared to LKR 612.28 million a year ago. Basic earnings per share from continuing operations was LKR 3.57 compared to LKR 25.9 a year ago.