Lotus Hydro Power 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 104.45 million compared to LKR 69.12 million a year ago. Net income was LKR 47.54 million compared to net loss of LKR 26.41 million a year ago. Basic earnings per share from continuing operations was LKR 0.44 compared to basic loss per share from continuing operations of LKR 0.24 a year ago.
For the nine months, sales was LKR 177.37 million compared to LKR 185.89 million a year ago. Net income was LKR 59.08 million compared to LKR 26.6 million a year ago. Basic earnings per share from continuing operations was LKR 0.54 compared to LKR 0.24 a year ago.