United Motors Lanka PLC reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was LKR 2,576.82 million compared to LKR 2,247.04 million a year ago. Net income was LKR 44.27 million compared to net loss of LKR 255.93 million a year ago. Basic earnings per share from continuing operations was LKR 0.44 compared to basic loss per share from continuing operations of LKR 2.54 a year ago.
For the full year, sales was LKR 10,736.34 million compared to LKR 12,884.25 million a year ago. Net loss was LKR 131.09 million compared to net income of LKR 315.02 million a year ago. Basic loss per share from continuing operations was LKR 1.3 compared to basic earnings per share from continuing operations of LKR 3.12 a year ago.