Madulsima Plantations PLC reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was LKR 1,069.49 million compared to LKR 1,093.78 million a year ago. Net loss was LKR 182.06 million compared to net income of LKR 41.28 million a year ago. Basic loss per share from continuing operations was LKR 1.07 compared to basic earnings per share from continuing operations of LKR 0.24 a year ago.
For the nine months, sales was LKR 3,203.19 million compared to LKR 3,112.59 million a year ago. Net loss was LKR 345.11 million compared to net income of LKR 417.65 million a year ago. Basic loss per share from continuing operations was LKR 2.04 compared to basic earnings per share from continuing operations of LKR 2.46 a year ago.