Bairaha Farms PLC announced unaudited consolidated and parent earnings results for the first quarter ended June 30, 2012. For the first quarter, the parent company reported revenue of LKR 518,663,071 against LKR 471,408,630 for the same period a year ago. Profit from operating activities was LKR 25,681,392 against LKR 49,369,198 for the same period a year ago. Profit from ordinary activities before tax was LKR 23,041,058 against LKR 48,133,040 for the same period a year ago. Net profit was LKR 19,921,458 or LKR 1.25 per share against LKR 40,426,777 or LKR 2.53 per share for the same period a year ago. Net cash flows from operating activities were LKR 30,690,171 against LKR 26,792,350 for the same period a year ago. Acquisition of Property Plant and Equipment was LKR 6,612,703 against LKR 16,608,914 for the same period a year ago. Acquisition of intangible assets was LKR 1,284,155.

For the first quarter, the group reported revenue of LKR 670,906,049 against LKR 565,137,481 for the same period a year ago. Profit from operating activities was LKR 57,500,664 against LKR 62,506,133 for the same period a year ago. Profit from ordinary activities before tax was LKR 53,512,445 against LKR 61,244,926 for the same period a year ago. Net profit was LKR 50,077,904 or LKR 3.33 per share against LKR 55,183,084 or LKR 3.45 per share for the same period a year ago. Net cash flows from operating activities were LKR 79,691,605 against LKR 48,903,116 for the same period a year ago. Acquisition of Property Plant and Equipment was LKR 53,352,222 against LKR 62,050,679 for the same period a year ago. Acquisition of intangible assets was LKR 1,284,155. Net asset value as at June 30, 2012 was LKR 101.43 against LKR 78.19 as at June 30, 2011.