Singer (Sri Lanka) PLC reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was LKR 13,001.03 million compared to LKR 21,450.48 million a year ago. Net loss was LKR 780.55 million compared to net income of LKR 906.46 million a year ago. Basic loss per share from continuing operations was LKR 0.69 compared to basic earnings per share from continuing operations of LKR 0.8 a year ago.
For the full year, sales was LKR 54,767.23 million compared to LKR 76,847.84 million a year ago. Net income was LKR 7.08 million compared to LKR 3,958.15 million a year ago. Basic earnings per share from continuing operations was LKR 0.01 compared to LKR 3.51 a year ago.