Kahawatte 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 1,330.71 million compared to LKR 1,885.99 million a year ago. Net loss was LKR 146.08 million compared to net income of LKR 305.3 million a year ago. Basic loss per share from continuing operations was LKR 1.47 compared to basic earnings per share from continuing operations of LKR 3.07 a year ago.
For the six months, sales was LKR 2,921.1 million compared to LKR 3,046.64 million a year ago. Net loss was LKR 276.64 million compared to net income of LKR 410.59 million a year ago. Basic loss per share from continuing operations was LKR 2.78 compared to basic earnings per share from continuing operations of LKR 4.13 a year ago.