Bairaha Farms PLC reported unaudited group and company earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, on group basis, the company reported revenue of LKR 733,765,716 compared to LKR 679,356,940 for the same period a year ago. Loss before tax was LKR 27,407,981 compared to profit LKR 4,891,948 for the same period a year ago. Net loss was LKR 20,531,883 or LKR 1.28 per basic share compared to net profit of LKR 5,632,019 or LKR 0.35 per basic share for the same period a year ago.

For nine months, on group basis, the company reported revenue of LKR 2,291,355,766 compared to LKR 2,080,310,854 for the same period a year ago. Profit before tax was LKR 79,392,929 compared to LKR 88,052,025 for the same period a year ago. Net profit was LKR 84,214,542 or LKR 5.26 per basic share compared to net profit of LKR 74,172,154 or LKR 4.64 per basic share for the same period a year ago. Net cash used in operating activities was LKR 1,773,407 compared to net cash provided by operating activities of LKR 38,900,961 for the same period a year ago. Acquisition of Property Plant & Equipment was of LKR 55,924,301 compared to LKR 47,761,680 for the same period a year ago. Acquisition of Intangible Assets was of LKR 999,556 compared to LKR 1,302,378 for the same period a year ago.

For the quarter, on company basis, the company reported revenue of LKR 584,456,624 compared to LKR 583,430,332 for the same period a year ago. Loss before tax was LKR 46,884,750 compared to LKR 14,713,502 for the same period a year ago. Net loss was LKR 44,125,401 or LKR 2.76 per basic share compared to LKR 14,713,502 or LKR 0.92 per basic share for the same period a year ago.

For nine months, on group basis, the company reported revenue of LKR 1,785,465,086 compared to LKR 1,697,111,411 for the same period a year ago. Profit before tax was LKR 7,891,083 compared to LKR 90,803,737 for the same period a year ago. Net profit was LKR 111,206 or LKR 0.01 per basic share compared to net profit of LKR 78,187,462 or LKR 4.89 per basic share for the same period a year ago. Net cash flows from operating activities were LKR 83,432,688 compared to LKR 108,048,302 for the same period a year ago. Acquisition of Property Plant & Equipment was of LKR 134,742,444 compared to LKR 129,172,776 for the same period a year ago. Acquisition of Intangible Assets was of LKR 999,556 compared to LKR 1,302,378 for the same period a year ago.