Muller and Phipps (Ceylon) PLC reported unaudited group and company earnings results for the first quarter ended June 30, 2013. For the quarter, group profit after taxation was LKR 7,850,000 or 0.03 earnings per share on revenue of LKR 177,750,000 compared to profit after taxation of LKR 8,735,000 or LKR 0.03 earnings per share on revenue of LKR 122,887,000 for the corresponding period of last year. Profit before taxation was LKR 11,263,000 against LKR 12,558,000 for the same period last year. Profit from operations was LKR 13,904,000 against LKR 14,655,000 of prior year period. Net cash flows from operating activities were LKR 4,396,000 against cash flows used in operating activities of LKR 14,297,000 for the same period a year ago. Purchase of property, plant and equipment was LKR 216,000 against LKR 2,599,000 of prior year period.

For the quarter, on company basis, profit after taxation was LKR 4,234,000 or LKR 0.01 earnings per share compared to after taxation of LKR 1,867,000 or LKR 0.01 earnings per share for the corresponding period of last year. Profit from operations was LKR 834,000 against loss from operations of LKR 320,000 of prior year period. Profit before taxation was LKR 5,521,000 against LKR 2,568,000 for the comparable period of last year. Net cash used in operating activities was LKR 4,200,000 against LKR 2,454,000 for the same period a year ago.