Lion Brewery (Ceylon) PLC reported earnings results for the first quarter ended June 30, 2013. For the quarter, the company reported revenue of LKR 5,994,563,000 against LKR 5,163,345,000 a year ago, an improvement of 15%, driven mainly by an Excise Duty increase of LKR 10 per litre which came in to effect in October 2012. Profit from operations was LKR 476,079,000 against LKR 491,508,000 a year ago.

Profit before taxation was LKR 417,741,000 against LKR 464,912,000 a year ago. Profit after taxation was LKR 287,696,000 or LKR 3.60 per share against LKR 313,861,000 or LKR 3.92 per share a year ago. Net cash generated from operating activities was LKR 889,251,000 against LKR 3,788,000 a year ago.