Odel PLC reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was LKR 1,831.28 million compared to LKR 1,822.54 million a year ago. Net loss was LKR 911.32 million compared to LKR 644.43 million a year ago. Basic loss per share from continuing operations was LKR 3.35 compared to LKR 2.37 a year ago.
For the six months, sales was LKR 3,746.19 million compared to LKR 4,016.46 million a year ago. Net loss was LKR 1,664.09 million compared to LKR 941.42 million a year ago. Basic loss per share from continuing operations was LKR 6.12.