Lankem Developments PLC reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was LKR 881.37 million compared to LKR 974.85 million a year ago. Net loss was LKR 36.57 million compared to net income of LKR 65.7 million a year ago. Basic loss per share from continuing operations was LKR 0.3 compared to basic earnings per share from continuing operations of LKR 0.55 a year ago.
For the nine months, sales was LKR 3,340.78 million compared to LKR 3,108.04 million a year ago. Net loss was LKR 34.39 million compared to LKR 4.01 million a year ago. Basic loss per share from continuing operations was LKR 0.29 compared to LKR 0.03 a year ago.