Tea Smallholder Factories PLC announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced sales was LKR 535.728 million compared to LKR 481.227 million a year ago. Operating loss was LKR 3.901 million compared to operating Income of LKR 3.380 million a year ago. Net income was LKR 88.370 million compared to LKR 13.714 million a year ago. Basic earnings per share from continuing operations was LKR 2.67 compared to LKR 0.38 a year ago. For the nine months, sales was LKR 1,608.923 million compared to LKR 1,575.018 million a year ago. Operating income was LKR 396,000 compared to operating loss of LKR 39.288 million a year ago. Net income was LKR 75.383 million compared to net loss of LKR 15.110 million a year ago. Basic earnings per share from continuing operations was LKR 2.71 compared to basic loss per share from continuing operations of LKR 0.65 a year ago.