Bairaha Farms PLC reported unaudited consolidated and standalone earnings results for the first quarter ended June 30, 2014. For the quarter on consolidated basis, the company reported revenue of LKR 831,298,790 against LKR 796,144,004 a year ago. Profit before tax was LKR 42,289,393 against LKR 48,978,090 a year ago. Profit for the period was LKR 42,704,952 against LKR 52,179,222 a year ago. Basic earnings per share were LKR 2.67 against LKR 3.26 a year ago. Net cash used in operating activities was LKR 23,551,985 against net cash flow from operating activities of LKR 46,077,301 a year ago. Acquisition of property, plant & equipment were LKR 37,436,112 against LKR 66,984,054 a year ago. Net asset value per share as at June 30, 2014 was LKR 115.08 against LKR 108.25 a year ago.

For the quarter on standalone basis, the company reported revenue of LKR 668,221,801 against LKR 614,209,303 a year ago. Profit before tax was LKR 5,138,267 against LKR 12,280,437 a year ago. Profit for the period was LKR 3,910,267 against LKR 10,330,437 a year ago. Basic earnings per share were LKR 0.24 against LKR 0.65 a year ago. Net cash used in operating activities was LKR 51,119,492 against LKR 44,622,871 a year ago. Acquisition of property, plant & equipment were LKR 31,519,124 against LKR 16,659,766 a year ago.