Udapussellawa Plantations PLC reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was LKR 790.59 million compared to LKR 491.06 million a year ago. Net income was LKR 229.63 million compared to net loss of LKR 52.01 million a year ago. Basic earnings per share from continuing operations was LKR 11.84 compared to basic loss per share from continuing operations of LKR 2.68 a year ago.
For the nine months, sales was LKR 2,505.3 million compared to LKR 1,624.8 million a year ago. Net income was LKR 709.47 million compared to net loss of LKR 36.77 million a year ago. Basic earnings per share from continuing operations was LKR 36.57 compared to basic loss per share from continuing operations of LKR 1.9 a year ago.