Tea Smallholder Factories PLC announced earnings results for the third quarter ended December 31, 2018. For the third quarter, the company announced sales was LKR 481.227 million compared to LKR 660.727 million a year ago. Operating income was LKR 5.060 million compared to LKR 11.678 million a year ago. Net income was LKR 13.714 million compared to LKR 9.348 million a year ago. Basic earnings per share was LKR 0.46 compared to LKR 0.31 a year ago. Profit Before Tax was LKR 4.747 million compared to LKR 13.011 million a year ago. For the nine months, sales was LKR 1,575.018 million compared to LKR 1,984.097 million a year ago. Operating loss was LKR 34.904 million compared to operating Income of LKR 72.603 million a year ago. Net loss was LKR 15.110 million compared to net income of LKR 54.549 million a year ago. Basic loss per share was LKR 0.5 compared to basic earnings per share of LKR 1.82 a year ago. Loss Before Tax was LKR 35.011 million compared to profit of LKR 75.849 million a year ago.