Corporate Earnings Update 3Q2024 - BRS Equity Research

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Market Updates
26/11/2024
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Market earnings rose to LKR 231bn in 3Q 2024, up from LKR 136bn in 3Q 2023 and LKR 99bn in 2Q 2024 driven by gains on bargain purchases made by BIL, BRWN, and LOLC (LKR 50.8bn,32.8bn & LKR 27.3bn). However, most of the sectors saw a pickup in demand eased off finance cost pressures, and stable cost of raw materials indicating a recovery.
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