Kelani Tyres PLC announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced sales was LKR 80.788 million compared to LKR 86.776 million a year ago. Operating loss was LKR 17.063 million compared to LKR 10.764 million a year ago. Net income was LKR 110.949 million compared to LKR 136.998 million a year ago. Basic earnings per share was LKR 1.38 compared to LKR 1.7 a year ago. For the nine months, sales was LKR 235.052 million compared to LKR 289.516 million a year ago. Operating loss was LKR 46.445 million compared to LKR 30.999 million a year ago. Net income was LKR 350.114 million compared to LKR 377.708 million a year ago. Basic earnings per share was LKR 4.35 compared to LKR 4.7 a year ago.