Mahaweli Coconut Plantations PLC reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was LKR 118.16 million compared to LKR 98.7 million a year ago. Net income was LKR 58.38 million compared to LKR 20.57 million a year ago. Basic earnings per share from continuing operations was LKR 1.67 compared to LKR 0.59 a year ago. Diluted earnings per share from continuing operations was LKR 1.67 compared to LKR 0.59 a year ago.
For the full year, sales was LKR 278.95 million compared to LKR 324.5 million a year ago. Net income was LKR 86.36 million compared to LKR 69.62 million a year ago. Basic earnings per share from continuing operations was LKR 2.47 compared to LKR 1.99 a year ago. Diluted earnings per share from continuing operations was LKR 2.47 compared to LKR 1.99 a year ago.