Pan Asia Banking Corporation PLC announced unaudited earnings results for the three months ended March 31, 2013. For the quarter, the company reported net interest income of LKR 537,513,000 compared to LKR 615,653,000 a year ago. Total operating income was LKR 748,503,000 compared to LKR 829,322,000 a year ago.

Net operating income was LKR 710,189,000 compared to LKR 801,472,000 a year ago. Operating profit before value added tax was LKR 181,527,000 compared to LKR 361,210,000 a year ago. Operating profit after value added tax was LKR 142,258,000 compared to LKR 306,212,000 a year ago.

Profit before tax was LKR 142,258,000 compared to LKR 306,212,000 a year ago. Profit for the year was LKR 151,450,000 compared to LKR 198,662,000 a year ago. Basic and diluted EPS was LKR 2.08 compared to LKR 2.71 a year ago.

Net cash generated from operating activities were LKR 660,506,000 compared to net cash used in operating activities of LKR 2,533,086,000 a year ago. Purchase of property, plant and equipment was LKR 21,042,000 compared to LKR 77,438,000 a year ago. Net purchase of intangible assets was LKR 1,249,000 compared to LKR 2,660,000 a year ago.

Return on assets (after tax) was 1.07% compared to 1.67% a year ago. Return on equity was 15.29% against 22.79% a year ago.