Tea Smallholder Factories PLC reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was LKR 1,042.33 million compared to LKR 526.84 million a year ago. Net income was LKR 120.43 million compared to net loss of LKR 27.46 million a year ago. Basic earnings per share from continuing operations was LKR 4.01 compared to basic loss per share from continuing operations of LKR 0.92 a year ago. Diluted earnings per share from continuing operations was LKR 4.01 compared to diluted loss per share from continuing operations of LKR 0.92 a year ago.
For the six months, sales was LKR 1,974.52 million compared to LKR 1,028.83 million a year ago. Net income was LKR 303.65 million compared to net loss of LKR 27 million a year ago. Basic earnings per share from continuing operations was LKR 10.12 compared to basic loss per share from continuing operations of LKR 0.9 a year ago. Diluted earnings per share from continuing operations was LKR 10.12 compared to diluted loss per share from continuing operations of LKR 0.9 a year ago.