Tea Smallholder Factories PLC reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was LKR 786.86 million compared to LKR 1,042.33 million a year ago. Net loss was LKR 0.509 million compared to net income of LKR 120.43 million a year ago. Basic loss per share from continuing operations was LKR 0.02 compared to basic earnings per share from continuing operations of LKR 4.01 a year ago. Diluted loss per share from continuing operations was LKR 0.02 compared to diluted earnings per share from continuing operations of LKR 4.01 a year ago.
For the six months, sales was LKR 1,466.22 million compared to LKR 1,974.52 million a year ago. Net loss was LKR 39.85 million compared to net income of LKR 303.65 million a year ago. Basic loss per share from continuing operations was LKR 1.33 compared to basic earnings per share from continuing operations of LKR 10.12 a year ago. Diluted loss per share from continuing operations was LKR 1.33 compared to diluted earnings per share from continuing operations of LKR 10.12 a year ago.