Diesel & Motor Engineering PLC reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was LKR 8,210.95 million compared to LKR 8,632.55 million a year ago. Revenue was LKR 8,076.2 million compared to LKR 8,545.59 million a year ago. Net loss was LKR 259.72 million compared to net income of LKR 209.3 million a year ago. Basic loss per share from continuing operations was LKR 28.13 compared to basic earnings per share from continuing operations of LKR 22.67 a year ago.
For the full year, sales was LKR 44,217.04 million compared to LKR 35,520.33 million a year ago. Revenue was LKR 43,644.3 million compared to LKR 35,299.2 million a year ago. Net income was LKR 42.96 million compared to LKR 593.33 million a year ago. Basic earnings per share from continuing operations was LKR 4.65 compared to LKR 64.27 a year ago.