Bairaha Farms PLC announced consolidated and standalone earnings results for the second quarter and six months ended September 30, 2012. For the quarter, on consolidated basis, the company reported revenue of LKR 730,047,865 against LKR 616,545,100 a year ago. Profit from operating activities was LKR 34,468,092 against LKR 93,270,177 a year ago. Profit from ordinary activities before tax was LKR 29,647,632 against LKR 90,126,479 a year ago. Profit from associate company was LKR 3,925,139 against LKR 3,576,044 a year ago. Net profit for the period was LKR 18,462,231 or LKR 1.15 per share against LKR 78,497,248 or LKR 4.91 per share a year ago.

For the six months period, on consolidated basis, the company reported revenue of LKR 1,400,953,914 against LKR 1,181,682,581 a year ago. Profit from operating activities was LKR 91,968,756 against LKR 155,776,310 a year ago. Profit from ordinary activities before tax was LKR 83,160,077 against LKR 151,371,405 a year ago. Profit from associate company was LKR 9,525,084 against LKR 7,293,085 a year ago. Net profit for the period was LKR 68,540,135 or LKR 4.28 per share against LKR 133,680,332 or LKR 8.36 per share a year ago. Net cash inflows from operating activities were LKR 57,468,591 against LKR 111,221,033 a year ago. Acquisition of property plant & equipment was LKR 98,639,038 against LKR 226,244,224 a year ago. Acquisition of intangible assets was LKR 1,302,378.

For the quarter, on standalone basis, the company reported revenue of LKR 595,018,008 against LKR 457,973,877 a year ago. Profit from operating activities was LKR 86,021,482 against LKR 29,925,917 a year ago. Profit from ordinary activities before tax was LKR 82,476,181 against LKR 27,497,237 a year ago. Net profit for the period was LKR 72,979,506 or LKR 4.56 per share against LKR 22,304,500 or LKR 1.39 per share a year ago.

For the six months period, on standalone basis, the company reported revenue of LKR 1,113,681,079 against LKR 929,382,507 a year ago. Profit from operating activities was LKR 111,702,874 against LKR 79,295,115 a year ago. Profit from ordinary activities before tax was LKR 105,517,239 against LKR 75,630,277 a year ago. Net profit for the period was LKR 92,900,964 or LKR 5.81 per share against LKR 62,731,277 or LKR 3.92 per share a year ago. Net cash outflows from operating activities were LKR 11,127,255 against net cash inflows from operating activities LKR 40,324,957 a year ago. Acquisition of property plant & equipment was LKR 28,367,044 against LKR 83,623,238 a year ago. Acquisition of intangible assets was LKR 1,302,378.