Lanka Ventures 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 139.89 million compared to LKR 75.88 million a year ago. Revenue was LKR 149.65 million compared to LKR 84.39 million a year ago. Net loss was LKR 59.78 million compared to net income of LKR 951.6 million a year ago. Basic loss per share from continuing operations was LKR 1.2 compared to basic earnings per share from continuing operations of LKR 19.03 a year ago.
For the nine months, sales was LKR 305.03 million compared to LKR 225.02 million a year ago. Revenue was LKR 332.63 million compared to LKR 248.41 million a year ago. Net loss was LKR 16.69 million compared to net income of LKR 66.53 million a year ago. Basic loss per share from continuing operations was LKR 0.33 compared to basic earnings per share from continuing operations of LKR 1.33 a year ago.