Talawakelle Tea Estates PLC reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was LKR 1,801.38 million compared to LKR 1,942.06 million a year ago. Net income was LKR 253.17 million compared to LKR 265.03 million a year ago. Basic earnings per share from continuing operations was LKR 5.33 compared to LKR 5.58 a year ago.
For the nine months, sales was LKR 5,534.23 million compared to LKR 5,829.01 million a year ago. Net income was LKR 725.7 million compared to LKR 1,380.29 million a year ago. Basic earnings per share from continuing operations was LKR 15.28 compared to LKR 29.06 a year ago.