Lanka Milk Foods (CWE) PLC reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was LKR 3,310.37 million compared to LKR 2,728.96 million a year ago. Net income was LKR 40.88 million compared to net loss of LKR 139.83 million a year ago. Basic earnings per share from continuing operations was LKR 0.102 compared to basic loss per share from continuing operations of LKR 0.35 a year ago.
For the full year, sales was LKR 14,019.62 million compared to LKR 9,771.54 million a year ago. Net income was LKR 1,153.01 million compared to LKR 1,065.1 million a year ago. Basic earnings per share from continuing operations was LKR 2.883 compared to LKR 2.663 a year ago.