Diesel & Motor Engineering PLC reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was LKR 10,294.79 million compared to LKR 8,755.75 million a year ago. Net loss was LKR 181.55 million compared to net income of LKR 508 million a year ago. Basic loss per share from continuing operations was LKR 19.67 compared to basic earnings per share from continuing operations of LKR 55.03 a year ago.
For the six months, sales was LKR 19,652.46 million compared to LKR 16,356.96 million a year ago. Net loss was LKR 253.76 million compared to net income of LKR 606.92 million a year ago. Basic loss per share from continuing operations was LKR 27.49 compared to basic earnings per share from continuing operations of LKR 65.74 a year ago.