People's Merchant Finance PLC reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported revenue was LKR 570.99 million compared to LKR 264.07 million a year ago. Net loss was LKR 22.22 million compared to net income of LKR 31.71 million a year ago. Basic loss per share from continuing operations was LKR 0.05 compared to basic earnings per share from continuing operations of LKR 0.09 a year ago.
For the nine months, revenue was LKR 1,431.75 million compared to LKR 646.86 million a year ago. Net loss was LKR 110.19 million compared to net income of LKR 34.71 million a year ago. Basic loss per share from continuing operations was LKR 0.27 compared to basic earnings per share from continuing operations of LKR 0.11 a year ago.