Horana Plantations 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 711.32 million compared to LKR 925.14 million a year ago. Net income was LKR 11.98 million compared to net loss of LKR 236.13 million a year ago. Basic earnings per share from continuing operations was LKR 0.48 compared to basic loss per share from continuing operations of LKR 9.45 a year ago.
For the nine months, sales was LKR 2,401.16 million compared to LKR 2,871.36 million a year ago. Net income was LKR 85.48 million compared to LKR 109.54 million a year ago. Basic earnings per share from continuing operations was LKR 3.42 compared to LKR 4.38 a year ago.