Muller and Phipps (Ceylon) PLC announced unaudited group and parent company earnings results for the fourth quarter and full year ended March 31, 2014. For the quarter, the group reported revenues were LKR 144,188,000 against LKR 101,937,000 a year ago. Profit from operations was LKR 4,887,000 against loss of LKR 4,435,000 a year ago. Profit before income tax expense was LKR 6,288,000 against LKR 2,551,000 a year ago. Loss was LKR 5,754,000 against LKR 5,409,000 a year ago. Basic and diluted earnings per ordinary share were LKR 0.02 against LKR 0.02 a year ago.

For the full year, the group reported revenues were LKR 573,252,000 against LKR 529,823,000 a year ago. Profit from operations was LKR 23,579,000 against LKR 38,202,000 a year ago. Profit before income tax expense was LKR 18,316,000 against LKR 43,744,000 a year ago. Profit was LKR 11,978,000 against LKR 31,694,000 a year ago. Earnings per share were LKR 0.04 against LKR 0.11 a year ago. Net cash outflows from operating activities were LKR 12,178,000 against net cash inflows from operating activities of LKR 4,599,000 a year ago. Purchase of property, plant, equipment was LKR 687,000 against LKR 5,298,000 a year ago.

For the quarter, the parent company reported loss from operations of LKR 682,000 against LKR 147,000 a year ago. Profit before income tax expense was LKR 4,012,000 against LKR 5,131,000 a year ago. Profit was LKR 3,281,000 against LKR 4,497,000 a year ago. Basic and diluted earnings per ordinary share were LKR 0.07 against LKR 0.14 a year ago.

For the full year, the parent company reported profit from operations was LKR 7,472,000 against LKR 26,226,000 a year ago. Profit before income tax expense was LKR 26,311,000 against LKR 41,905,000 a year ago. Profit was LKR 21,185,000 against LKR 38,534,000 a year ago. Earnings per share basic and diluted were LKR 0.07 against LKR 0.14 a year ago. Net cash outflows from operating activities were LKR 29,317,000 against LKR 45,643,000 a year ago.