Lankem Developments PLC announced earnings results for the first quarter ended June 30, 2019. For the first quarter, the company announced sales was LKR 999.649 million compared to LKR 1,248.234 million a year ago. Net loss was LKR 138.477 million compared to net income of LKR 50.094 million a year ago. Basic loss per share was LKR 1.15 compared to basic earnings per share of LKR 0.42 a year ago.