Madulsima 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 1,156.67 million compared to LKR 1,293.02 million a year ago. Net loss was LKR 57.75 million compared to net income of LKR 276.85 million a year ago. Basic loss per share from continuing operations was LKR 0.34 compared to basic earnings per share from continuing operations of LKR 1.63 a year ago.
For the six months, sales was LKR 2,133.7 million compared to LKR 2,018.81 million a year ago. Net loss was LKR 163.04 million compared to net income of LKR 376.38 million a year ago. Basic loss per share from continuing operations was LKR 0.96 compared to basic earnings per share from continuing operations of LKR 2.22 a year ago.