Diesel & Motor Engineering PLC reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was LKR 10,530.82 million compared to LKR 9,034.58 million a year ago. Revenue was LKR 10,396.65 million compared to LKR 9,034.58 million a year ago. Net loss was LKR 222.9 million compared to net income of LKR 448.47 million a year ago. Basic loss per share from continuing operations was LKR 24.15 compared to basic earnings per share from continuing operations of LKR 48.58 a year ago.
For the nine months, sales was LKR 26,887.78 million compared to LKR 27,374.12 million a year ago. Revenue was LKR 26,753.61 million compared to LKR 27,374.12 million a year ago. Net income was LKR 384.03 million compared to LKR 1,110.71 million a year ago. Basic earnings per share from continuing operations was LKR 41.6 compared to LKR 120.32 a year ago.