Muller and Phipps (Ceylon) PLC announced unaudited group and company earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the group reported revenues were LKR 125,753,000 against LKR 148,653,000 a year ago. Loss from operations was LKR 7,192,000 against profit from operations of LKR 6,554,000 a year ago. Loss before income tax expense was LKR 8,365,000 against profit before income tax expense of LKR 6,028,000 a year ago. Loss for the period was LKR 7,969,000 against profit for the period of LKR 4,123,000 a year ago. Loss per share was LKR 0.03 against earnings per share of LKR 0.01 a year ago.

For the nine months, the group reported revenues were LKR 429,064,000 against LKR 427,886,000 a year ago. Profit from operations was LKR 18,692,000 against LKR 41,914,000 a year ago. Profit before income tax expense was LKR 12,027,000 against LKR 41,193,000 a year ago. Profit for the period was LKR 6,223,000 against LKR 26,826,000 a year ago. Earnings per share were LKR 0.02 against LKR 0.09 a year ago. Net cash out flows from operating activities was LKR 23,673,000 against LKR 63,095,000 a year ago. Purchase of property, plant, equipment was LKR 535,000 against LKR 3,993,000 a year ago.

For the quarter, the company reported loss from operations of LKR 654,000 against profit from operations of LKR 37,000 a year ago. Profit before income tax expense was LKR 4,116,000 against LKR 4,723,000 a year ago. Profit for the period was LKR 1,320,000 against LKR 3,418,000 a year ago. Earnings per share basic and diluted were LKR 0.01 against LKR 0.01 a year ago.

For the nine months, the company reported profit from operations was LKR 8,154,000 against LKR 26,374,000 a year ago. Profit before income tax expense was LKR 22,299,000 against LKR 37,338,000 a year ago. Profit for the period was LKR 17,905,000 against LKR 34,498,000 a year ago. Earnings per share basic and diluted were LKR 0.06 against LKR 0.12 a year ago. Net cash out flows from operating activities was LKR 12,680,000 against LKR 4,133,000 a year ago.