Mercantile Investments and Finance PLC reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported net income was LKR 23.29 million compared to LKR 478.55 million a year ago. Basic earnings per share from continuing operations was LKR 7.75 compared to LKR 159.2 a year ago.
For the nine months, net income was LKR 32.78 million compared to LKR 769.83 million a year ago. Basic earnings per share from continuing operations was LKR 10.91 compared to LKR 256.1 a year ago.