Odel PLC announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced sales was LKR 2,304.330 million compared to LKR 2,594.504 million a year ago. Operating income was LKR 122.691 million compared to LKR 262.962 million a year ago. Net loss was LKR 102.112 million compared to net income of LKR 49.636 million a year ago. Basic loss per share was LKR 0.38 compared to basic earnings per share of LKR 0.18 a year ago. For the nine months, sales was LKR 5,709.408 million compared to LKR 6,250.707 million a year ago. Operating income was LKR 137.762 million compared to LKR 562.222 million a year ago. Net loss was LKR 506.415 million compared to net income of LKR 84.651 million a year ago. Basic loss per share was LKR 1.86 compared to basic earnings per share of LKR 0.31 a year ago.