Kolos Cement Ltd reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MUR 659.71 million compared to MUR 665.58 million a year ago. Net income was MUR 19.64 million compared to MUR 38.64 million a year ago. Basic earnings per share from continuing operations was MUR 0.73 compared to MUR 1.43 a year ago.
For the nine months, sales was MUR 1,836.12 million compared to MUR 1,794.87 million a year ago. Net loss was MUR 28.15 million compared to net income of MUR 83.64 million a year ago. Basic loss per share from continuing operations was MUR 1.04 compared to basic earnings per share from continuing operations of MUR 3.1 a year ago.