Mahaweli Coconut Plantations 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 63.28 million compared to LKR 100.67 million a year ago. Net income was LKR 32.42 million compared to LKR 35.34 million a year ago. Basic earnings per share from continuing operations was LKR 0.93 compared to LKR 1.01 a year ago. Diluted earnings per share from continuing operations was LKR 0.93 compared to LKR 1.01 a year ago.
For the nine months, sales was LKR 160.8 million compared to LKR 225.8 million a year ago. Net income was LKR 27.98 million compared to LKR 33.3 million a year ago. Basic earnings per share from continuing operations was LKR 0.8 compared to LKR 0.95 a year ago. Diluted earnings per share from continuing operations was LKR 0.8 compared to LKR 0.95 a year ago.