Myland Developments 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 19.29 million compared to LKR 46.54 million a year ago. Net loss was LKR 3.59 million compared to net income of LKR 5.07 million a year ago. Basic loss per share from continuing operations was LKR 0.1 compared to basic earnings per share from continuing operations of LKR 0.14 a year ago.
For the nine months, sales was LKR 51.67 million compared to LKR 165.89 million a year ago. Net loss was LKR 6.28 million compared to net income of LKR 41.42 million a year ago. Basic loss per share from continuing operations was LKR 0.17 compared to basic earnings per share from continuing operations of LKR 1.14 a year ago.