Tea Smallholder Factories PLC reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was LKR 433.48 million compared to LKR 513.33 million a year ago. Net loss was LKR 17.5 million compared to net income of LKR 5.14 million a year ago. Basic loss per share from continuing operations was LKR 0.58 compared to basic earnings per share from continuing operations of LKR 0.17 a year ago. Diluted loss per share from continuing operations was LKR 0.58 compared to diluted earnings per share from continuing operations of LKR 0.17 a year ago.
For the nine months, sales was LKR 1,462.31 million compared to LKR 1,729.05 million a year ago. Net loss was LKR 44.5 million compared to net income of LKR 50.92 million a year ago. Basic loss per share from continuing operations was LKR 1.48 compared to basic earnings per share from continuing operations of LKR 1.7 a year ago. Diluted loss per share from continuing operations was LKR 1.48 compared to diluted earnings per share from continuing operations of LKR 1.7 a year ago.