Kanco Tea & Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 194.8 million compared to INR 300.8 million a year ago. Revenue was INR 191.1 million compared to INR 296.1 million a year ago. Net loss was INR 40.1 million compared to INR 43.5 million a year ago. Basic loss per share from continuing operations was INR 7.83 compared to INR 8.49 a year ago. Diluted loss per share from continuing operations was INR 7.83 compared to INR 8.49 a year ago.
For the nine months, sales was INR 732.9 million compared to INR 1,033.5 million a year ago. Revenue was INR 737 million compared to INR 1,033.4 million a year ago. Net income was INR 4.5 million compared to INR 191.6 million a year ago. Basic earnings per share from continuing operations was INR 0.88 compared to INR 37.4 a year ago. Diluted earnings per share from continuing operations was INR 0.88 compared to INR 37.4 a year ago.