Kelani Tyres PLC reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported net income was LKR 305.36 million compared to net loss of LKR 214.1 million a year ago. Basic earnings per share from continuing operations was LKR 3.8 compared to basic loss per share from continuing operations of LKR 2.66 a year ago.
For the nine months, net income was LKR 576.19 million compared to LKR 62.5 million a year ago. Basic earnings per share from continuing operations was LKR 7.17 compared to LKR 0.78 a year ago.