Tea Smallholder Factories PLC reported earnings results for the fourth quarter ended March 31, 2023. For the fourth quarter, the company reported sales was LKR 944.5 million compared to LKR 556.48 million a year ago. Net loss was LKR 6.68 million compared to net income of LKR 59.82 million a year ago.

Basic loss per share from continuing operations was LKR 0.22 compared to basic earnings per share from continuing operations of LKR 1.99 a year ago. Diluted loss per share from continuing operations was LKR 0.22 compared to diluted earnings per share from continuing operations of LKR 1.99 a year ago.