Diesel & Motor Engineering 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 16,086.58 million compared to LKR 10,530.82 million a year ago. Revenue was LKR 15,915.63 million compared to LKR 10,396.65 million a year ago. Net income was LKR 556.45 million compared to net loss of LKR 222.9 million a year ago. Basic earnings per share from continuing operations was LKR 60.28 compared to basic loss per share from continuing operations of LKR 24.15 a year ago.
For the nine months, sales was LKR 36,006.09 million compared to LKR 26,887.78 million a year ago. Revenue was LKR 35,568.09 million compared to LKR 26,753.61 million a year ago. Net income was LKR 302.68 million compared to LKR 384.03 million a year ago. Basic earnings per share from continuing operations was LKR 32.79 compared to LKR 41.6 a year ago.