Tea Smallholder Factories PLC reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was LKR 732.04 million compared to LKR 824.92 million a year ago. Net income was LKR 5.39 million compared to net loss of LKR 18.48 million a year ago. Basic earnings per share from continuing operations was LKR 0.18 compared to basic loss per share from continuing operations of LKR 0.62 a year ago. Diluted earnings per share from continuing operations was LKR 0.18 compared to diluted loss per share from continuing operations of LKR 0.62 a year ago.
For the nine months, sales was LKR 2,198.27 million compared to LKR 2,799.44 million a year ago. Net loss was LKR 34.46 million compared to net income of LKR 285.17 million a year ago. Basic loss per share from continuing operations was LKR 1.15 compared to basic earnings per share from continuing operations of LKR 9.51 a year ago. Diluted loss per share from continuing operations was LKR 1.15 compared to diluted earnings per share from continuing operations of LKR 9.51 a year ago.