People's Merchant Finance PLC reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported revenue was LKR 492.13 million compared to LKR 199.23 million a year ago. Net loss was LKR 21.15 million compared to net income of LKR 5.95 million a year ago. Basic loss per share from continuing operations was LKR 0.05 compared to basic earnings per share from continuing operations of LKR 0.02 a year ago.
For the six months, revenue was LKR 860.76 million compared to LKR 382.79 million a year ago. Net loss was LKR 87.96 million compared to net income of LKR 3 million a year ago. Basic loss per share from continuing operations was LKR 0.22 compared to basic earnings per share from continuing operations of LKR 0.01 a year ago.