Pan Asia Banking Corporation PLC announced unaudited earnings results for the three months ended March 31, 2014. For the quarter, the company reported net interest income of LKR 706,794,000 compared to LKR 537,513,000 a year ago. Total operating income was LKR 996,177,000 compared to LKR 748,503,000 a year ago.

Net operating income was LKR 695,396,000 compared to LKR 710,189,000 a year ago. Operating profit before value added tax and nation building tax on financial services was LKR 122,099,000 compared to LKR 181,527,000 a year ago. Profit before tax was LKR 81,618,000 compared to LKR 142,258,000 a year ago.

Profit for the year was LKR 85,943,000 compared to LKR 151,450,000 a year ago. Basic and diluted EPS was LKR 1.18 compared to LKR 2.08 a year ago. Net cash generated from operating activities were LKR 707,730,000 compared to LKR 660,506,000 a year ago.

Purchase of property, plant and equipment was LKR 18,355,000 compared to LKR 21,042,000 a year ago. Net purchase of intangible assets was LKR 586,000 compared to LKR 1,249,000 a year ago. Return on assets was 0.53% compared to 1.07% a year ago.

Return on equity was 8.52% against 2.89% a year ago.