Kanco Tea & Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 300.8 million compared to INR 247.8 million a year ago. Revenue was INR 296.1 million compared to INR 295.7 million a year ago. Net loss was INR 41.5 million compared to net income of INR 49.5 million a year ago. Basic loss per share from continuing operations was INR 8.1 compared to basic earnings per share from continuing operations of INR 9.66 a year ago.
For the nine months, sales was INR 1,033.5 million compared to INR 798.9 million a year ago. Revenue was INR 1,033.4 million compared to INR 886.1 million a year ago. Net income was INR 193.6 million compared to INR 241.5 million a year ago. Basic earnings per share from continuing operations was INR 37.79 compared to INR 47.14 a year ago.