Kahawatte Plantations PLC reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was LKR 1,885.99 million compared to LKR 1,152.18 million a year ago. Net income was LKR 305.3 million compared to net loss of LKR 24.21 million a year ago. Basic earnings per share from continuing operations was LKR 3.07 compared to basic loss per share from continuing operations of LKR 0.24 a year ago.
For the six months, sales was LKR 3,046.64 million compared to LKR 2,289.29 million a year ago. Net income was LKR 410.59 million compared to LKR 52.66 million a year ago. Basic earnings per share from continuing operations was LKR 4.13 compared to LKR 0.53 a year ago.