Vallibel Power Erathna PLC reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was LKR 102.38 million compared to LKR 106.71 million a year ago. Net income was LKR 31.64 million compared to net loss of LKR 15.82 million a year ago. Basic earnings per share from continuing operations was LKR 0.04 compared to basic loss per share from continuing operations of LKR 0.02 a year ago.
For the full year, sales was LKR 1,122.57 million compared to LKR 1,322.27 million a year ago. Net income was LKR 583.32 million compared to LKR 764.98 million a year ago. Basic earnings per share from continuing operations was LKR 0.78 compared to LKR 1.02 a year ago.