Odel PLC reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was LKR 2,133.99 million compared to LKR 2,396.51 million a year ago. Net loss was LKR 735.91 million compared to LKR 751.67 million a year ago. Basic loss per share from continuing operations was LKR 2.7 compared to LKR 2.76 a year ago.
For the nine months, sales was LKR 5,880.18 million compared to LKR 6,412.97 million a year ago. Net loss was LKR 2,400 million compared to LKR 1,693.08 million a year ago. Basic loss per share from continuing operations was LKR 8.82 compared to LKR 6.22 a year ago.