Eastern Merchants PLC reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was LKR 549.22 million compared to LKR 722.66 million a year ago. Net loss was LKR 30.79 million compared to net income of LKR 102.6 million a year ago.

Basic loss per share was LKR 0.26 compared to basic earnings per share of LKR 0.87 a year ago.