Richard Pieris and Company PLC reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was LKR 16,923.8 million compared to LKR 16,927.64 million a year ago. Revenue was LKR 18,131.88 million compared to LKR 18,311.75 million a year ago. Net loss was LKR 369.94 million compared to LKR 296.33 million a year ago. Basic loss per share from continuing operations was LKR 0.18 compared to LKR 0.15 a year ago. Diluted loss per share from continuing operations was LKR 0.18 compared to LKR 0.15 a year ago.
For the full year, sales was LKR 69,248.47 million compared to LKR 74,359.87 million a year ago. Revenue was LKR 73,859.23 million compared to LKR 79,193.79 million a year ago. Net income was LKR 567.83 million compared to LKR 4,978.84 million a year ago. Basic earnings per share from continuing operations was LKR 0.28 compared to LKR 2.45 a year ago. Diluted earnings per share from continuing operations was LKR 0.28 compared to LKR 2.45 a year ago.