Lanka Milk Foods (CWE) PLC reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was LKR 4,267.93 million compared to LKR 3,804.74 million a year ago. Net income was LKR 813.36 million compared to LKR 192.46 million a year ago. Basic earnings per share from continuing operations was LKR 2.033 compared to LKR 0.481 a year ago.
For the nine months, sales was LKR 12,977.56 million compared to LKR 10,709.26 million a year ago. Net income was LKR 1,928.51 million compared to LKR 1,112.14 million a year ago. Basic earnings per share from continuing operations was LKR 4.822 compared to LKR 2.78 a year ago.