Kahawatte Plantations PLC reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was LKR 1,156.53 million compared to LKR 1,874.56 million a year ago. Net loss was LKR 163.34 million compared to net income of LKR 258.95 million a year ago. Basic loss per share from continuing operations was LKR 1.64 compared to basic earnings per share from continuing operations of LKR 2.6 a year ago.
For the nine months, sales was LKR 4,077.63 million compared to LKR 4,921.2 million a year ago. Net loss was LKR 439.98 million compared to net income of LKR 669.55 million a year ago. Basic loss per share from continuing operations was LKR 4.43 compared to basic earnings per share from continuing operations of LKR 6.74 a year ago.