Lankem Developments PLC announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced sales was LKR 740.905 million compared to LKR 920.060 million a year ago. Net loss was LKR 143.468 million compared to net income of LKR 13.826 million a year ago. Basic loss per share was LKR 1.2 compared to basic earnings per share of LKR 0.12 a year ago. For the nine months, sales was LKR 2,473.588 million compared to LKR 3,260.353 million a year ago. Net loss was LKR 489.707 million compared to net income of LKR 27.548 million a year ago. Basic loss per share was LKR 4.08 compared to basic earnings per share of LKR 0.2 a year ago.