Asian Tea and Exports Ltd. reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 96.52 million compared to INR 219.01 million a year ago. Revenue was INR 107.52 million compared to INR 223.09 million a year ago. Net income was INR 19.08 million compared to INR 15.04 million a year ago. Basic earnings per share from continuing operations was INR 1.8 compared to INR 1.5 a year ago. Diluted earnings per share from continuing operations was INR 1.8 compared to INR 1.5 a year ago.
For the nine months, sales was INR 366.28 million compared to INR 505.63 million a year ago. Revenue was INR 392.27 million compared to INR 564.16 million a year ago. Net income was INR 19.6 million compared to INR 36.75 million a year ago. Basic earnings per share from continuing operations was INR 1.85 compared to INR 3.67 a year ago. Diluted earnings per share from continuing operations was INR 1.85 compared to INR 3.67 a year ago.