United Motors Lanka PLC reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was LKR 1,937.91 million compared to LKR 3,397.99 million a year ago. Net loss was LKR 288.38 million compared to net income of LKR 323.22 million a year ago. Basic loss per share from continuing operations was LKR 2.86 compared to basic earnings per share from continuing operations of LKR 3.2 a year ago.
For the nine months, sales was LKR 8,159.52 million compared to LKR 10,637.21 million a year ago. Net loss was LKR 175.36 million compared to net income of LKR 570.95 million a year ago. Basic loss per share from continuing operations was LKR 1.74 compared to basic earnings per share from continuing operations of LKR 5.66 a year ago.