Lankem Ceylon PLC reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was LKR 9,038.96 million compared to LKR 9,328.08 million a year ago. Net income was LKR 150.7 million compared to LKR 446.19 million a year ago. Basic earnings per share from continuing operations was LKR 2.93 compared to LKR 8.67 a year ago.
For the nine months, sales was LKR 24,459.66 million compared to LKR 25,225.93 million a year ago. Net loss was LKR 65.63 million compared to net income of LKR 1,930.4 million a year ago. Basic loss per share from continuing operations was LKR 1.28 compared to basic earnings per share from continuing operations of LKR 37.51 a year ago.