Kahawatte Plantations PLC reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was LKR 1,874.56 million compared to LKR 1,061.33 million a year ago. Net income was LKR 258.95 million compared to net loss of LKR 54.95 million a year ago. Basic earnings per share from continuing operations was LKR 2.6 compared to basic loss per share from continuing operations of LKR 0.55 a year ago.
For the nine months, sales was LKR 4,921.2 million compared to LKR 3,350.62 million a year ago. Net income was LKR 669.55 million compared to net loss of LKR 2.29 million a year ago. Basic earnings per share from continuing operations was LKR 6.74 compared to basic loss per share from continuing operations of LKR 0.02 a year ago.