Tea Smallholder Factories PLC reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was LKR 679.36 million compared to LKR 932.19 million a year ago. Net loss was LKR 39.34 million compared to net income of LKR 183.22 million a year ago.

Basic loss per share from continuing operations was LKR 1.31 compared to basic earnings per share from continuing operations of LKR 6.11 a year ago. Diluted loss per share from continuing operations was LKR 1.31 compared to diluted earnings per share from continuing operations of LKR 6.11 a year ago.