LAUGFS Power 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 223.83 million compared to LKR 251.21 million a year ago. Net loss was LKR 95.11 million compared to net income of LKR 75.97 million a year ago. Basic loss per share from continuing operations was LKR 0.25 compared to basic earnings per share from continuing operations of LKR 0.2 a year ago.
For the nine months, sales was LKR 742.12 million compared to LKR 779.95 million a year ago. Net loss was LKR 62.54 million compared to net income of LKR 269.52 million a year ago. Basic loss per share from continuing operations was LKR 0.16 compared to basic earnings per share from continuing operations of LKR 0.7 a year ago.