A statement by the company, part of the Dipped Products rubber gloves arm of the Hayleys group, said revenue fell 18 percent to 699 million rupees in the period.
The firm made a net loss per share of 6.
37 rupees compared with earnings of 1.
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80 a year ago.
"The company would have posted a reasonable third quarter result despite the erratic weather, if not for the substantial wage hike," KVPL Managing Director Kavi Seneviratne said.
"Weather conditions and prices have improved in the current quarter, and we expect to reduce our losses by the end of the year."
Plantations unions staged a 'go-slow' in September, disrupting transport of tea from hill-country estates to back demands for a wage hike.
KVPL said in a stock exchanging filing that the wage hike agreement, signed in S