Mercantile Investments and Finance PLC reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported net loss was LKR 19.8 million compared to net income of LKR 185.38 million a year ago. Basic loss per share from continuing operations was LKR 6.59 compared to basic earnings per share from continuing operations of LKR 61.67 a year ago.
For the six months, net income was LKR 9.49 million compared to LKR 291.28 million a year ago. Basic earnings per share from continuing operations was LKR 3.16 compared to LKR 96.9 a year ago.