Richard Pieris and Company PLC reported earnings results for the fourth quarter ended March 31, 2023. For the fourth quarter, the company reported sales was LKR 16,927.64 million compared to LKR 18,152.06 million a year ago. Revenue was LKR 18,311.75 million compared to LKR 19,323.94 million a year ago.

Net loss was LKR 296.33 million compared to net income of LKR 1,889.45 million a year ago. Basic loss per share was LKR 0.15 compared to basic earnings per share of LKR 0.93 a year ago. Diluted loss per share was LKR 0.15 compared to diluted earnings per share of LKR 0.93 a year ago.