Promotion and Development Ltd reported earnings results for the third quarter and nine months ended March 31, 2022. For the third quarter, the company reported sales was MUR 119.63 million compared to MUR 113.8 million a year ago. Net loss was MUR 27.2 million compared to MUR 48.05 million a year ago. Basic loss per share from continuing operations was MUR 0.7 compared to MUR 1.23 a year ago.
For the nine months, sales was MUR 429.61 million compared to MUR 383.45 million a year ago. Net income was MUR 356.25 million compared to net loss of MUR 48.33 million a year ago. Basic earnings per share from continuing operations was MUR 9.15 compared to basic loss per share from continuing operations of MUR 1.24 a year ago.