Tea Smallholder Factories PLC reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was LKR 824.92 million compared to LKR 433.48 million a year ago. Net loss was LKR 18.48 million compared to LKR 17.5 million a year ago. Basic loss per share from continuing operations was LKR 0.62 compared to LKR 0.58 a year ago. Diluted loss per share from continuing operations was LKR 0.62 compared to LKR 0.58 a year ago.
For the nine months, sales was LKR 2,799.44 million compared to LKR 1,462.31 million a year ago. Net income was LKR 285.17 million compared to net loss of LKR 44.5 million a year ago. Basic earnings per share from continuing operations was LKR 9.51 compared to basic loss per share from continuing operations of LKR 1.48 a year ago. Diluted earnings per share from continuing operations was LKR 9.51 compared to diluted loss per share from continuing operations of LKR 1.48 a year ago.