Unionb: Union Bank of Colombo PLC Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023

Union Bank of Colombo PLC reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was LKR 185.78 million compared... Union Bank of Colombo PLC reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was LKR 185.78 million compared to net loss of LKR 27.1 million a year ago. Basic earnings per share from continuing operations was LKR 0.17 compared to basic loss per share from continuing operations of LKR 0.03 a year ago. Diluted earnings per share from continuing operations was LKR 0.17 compared to diluted loss per share from continuing operations of LKR 0.03 a year ago. For the six months, net income was LKR 357.7 million compared to LKR 209.7 million a year ago. Basic earnings per share from continuing operations was LKR 0.33 compared to LKR 0.19 a year ago. Diluted earnings per share from continuing operations was LKR 0.33 compared to LKR 0.19 a year ago.