Lankem Developments PLC announced earnings results for the second quarter ended September 30, 2019. For the second quarter, the company announced sales was LKR 733.034 million compared to LKR 1,092.059 million a year ago. Net loss was LKR 207.762 million compared to LKR 36.372 million a year ago. Basic loss per share was LKR 2.77 compared to LKR 0.46 a year ago. For the half year, sales was LKR 1,732.683 million compared to LKR 2,340.293 million a year ago. Net loss was LKR 346.239 million compared to net income of LKR 13.722 million a year ago. Basic loss per share was LKR 4.62 compared to basic earnings per share of LKR 0.2 a year ago.