LOLC Holdings PLC Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 15, 2023 at 07:26 pm IST
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LOLC Holdings PLC reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported revenue was LKR 82,055.93 million compared to LKR 73,724.61 million a year ago. Net loss was LKR 1,219.86 million compared to net income of LKR 1,680.37 million a year ago. Basic loss per share from continuing operations was LKR 2.57 compared to basic earnings per share from continuing operations of LKR 3.54 a year ago. Diluted loss per share from continuing operations was LKR 2.57 compared to diluted earnings per share from continuing operations of LKR 3.54 a year ago. Basic loss per share was LKR 2.57 compared to basic earnings per share of LKR 3.54 a year ago. Diluted loss per share was LKR 2.57 compared to diluted earnings per share of LKR 3.54 a year ago.
For the six months, revenue was LKR 156,360.8 million compared to LKR 162,881.29 million a year ago. Net income was LKR 2,889.1 million compared to LKR 18,839.14 million a year ago. Basic earnings per share from continuing operations was LKR 6.08 compared to LKR 39.65 a year ago. Diluted earnings per share from continuing operations was LKR 6.08 compared to LKR 39.65 a year ago. Basic earnings per share was LKR 6.08 compared to LKR 39.64 a year ago. Diluted earnings per share was LKR 6.08 compared to LKR 39.64 a year ago.
LOLC Holdings PLC is a Sri Lanka-based holding company, which manages a portfolio of investments consisting of a range of diverse business operations. The Company provides function-based services to its subsidiaries, jointly controlled entities and associates. The Company's segments include financial services, long term and general insurance, manufacturing and trading, leisure and entertainment, plantation and power, and others. The Company is engaged in cultivating a diverse range of produce, such as black and green tea, rubber, cinnamon, coconut, commercial timber and ancillary crops. It is engaged in manufacturing and trading of automotive batteries, consumer electronics, power, automotive, agriculture, thermal, boiler, chemical, marine, vet pharma, environmental engineering and fertilizer. Its subsidiaries include Agstar PLC, Brown & Company PLC, Browns Investments PLC, Eden Hotels Lanka PLC, Hapugastenne Plantation PLC, Palm Garden Hotels PLC and LOLC Ceylon Holdings PLC.