The Swadeshi Industrial Works 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 1,194.72 million compared to LKR 1,371.02 million a year ago. Net income was LKR 60.46 million compared to LKR 16.93 million a year ago. Basic earnings per share from continuing operations was LKR 404.88 compared to LKR 113.37 a year ago.
For the nine months, sales was LKR 3,570.22 million compared to LKR 3,588.22 million a year ago. Net income was LKR 152.69 million compared to LKR 257.95 million a year ago. Basic earnings per share from continuing operations was LKR 1,022.48 compared to LKR 1,727.33 a year ago.