Jamaican Teas Limited reported earnings results for the second quarter and six months ended March 31, 2023. For the second quarter, the company reported sales was JMD 665.51 million compared to JMD 574.53 million a year ago. Net income was JMD 58.63 million compared to JMD 62.48 million a year ago. Basic earnings per share from continuing operations was JMD 0.03 compared to JMD 0.03 a year ago. Diluted earnings per share from continuing operations was JMD 0.02 compared to JMD 0.03 a year ago.
For the six months, sales was JMD 1,331.15 million compared to JMD 1,170.63 million a year ago. Net income was JMD 86.2 million compared to JMD 171.15 million a year ago. Basic earnings per share from continuing operations was JMD 0.04 compared to JMD 0.08 a year ago. Diluted earnings per share from continuing operations was JMD 0.04 compared to JMD 0.073 a year ago.