Mercantile Shipping Company 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 4 million compared to LKR 4.93 million a year ago. Net loss was LKR 0.579232 million compared to net income of LKR 2.29 million a year ago. Basic loss per share from continuing operations was LKR 0.2 compared to basic earnings per share from continuing operations of LKR 0.81 a year ago.
For the nine months, sales was LKR 13.2 million compared to LKR 14.67 million a year ago. Net income was LKR 1.69 million compared to LKR 4.26 million a year ago. Basic earnings per share from continuing operations was LKR 0.59 compared to LKR 1.5 a year ago.