Bairaha Farms PLC Announces Unaudited Consolidated and Parent Earnings Results for the First Quarter Ended June 30, 2012
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.