The Swadeshi Industrial Works 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 1,371.02 million compared to LKR 864.63 million a year ago. Net income was LKR 16.93 million compared to LKR 26.42 million a year ago. Basic earnings per share from continuing operations was LKR 113.37 compared to LKR 176.95 a year ago.
For the nine months, sales was LKR 3,588.22 million compared to LKR 2,228.61 million a year ago. Net income was LKR 257.95 million compared to LKR 18.42 million a year ago. Basic earnings per share from continuing operations was LKR 1,727.33 compared to LKR 123.33 a year ago.