Kelani Tyres PLC reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was LKR 0.215 million compared to LKR 144.37 million a year ago. Net loss was LKR 21.4 million compared to net income of LKR 115.1 million a year ago. Basic loss per share from continuing operations was LKR 0.27 compared to basic earnings per share from continuing operations of LKR 1.43 a year ago.
For the six months, sales was LKR 0.427 million compared to LKR 191.62 million a year ago. Net income was LKR 276.6 million compared to LKR 298.8 million a year ago. Basic earnings per share from continuing operations was LKR 3.44 compared to LKR 3.72 a year ago.