Promotion and Development Ltd reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was MUR 145.85 million compared to MUR 119.63 million a year ago. Net income was MUR 6.74 million compared to net loss of MUR 27.2 million a year ago. Basic earnings per share from continuing operations was MUR 0.17 compared to basic loss per share from continuing operations of MUR 0.7 a year ago.
For the nine months, sales was MUR 507.46 million compared to MUR 429.61 million a year ago. Net income was MUR 239.67 million compared to MUR 356.25 million a year ago. Basic earnings per share from continuing operations was MUR 6.15 compared to MUR 9.15 a year ago.