City Housing and Real Estate Company PLC announced company and consolidated earnings results for the second quarter and six months ended September 30, 2013. For the quarter, the company reported revenues of LKR 19,561,385 compared with LKR 1,986,330 for the same period a year ago. Net Profit from Operations was LKR 6,172,632 compared with LKR 1,400,938 for the same period a year ago. Loss from Operations was LKR 8,028,022 compared with LKR 5,197,801 for the same period a year ago. Loss before tax was LKR 3,054,453 compared with LKR 5,056,019 for the same period a year ago. Loss for the period was LKR 3,054,453 or LKR 0.23 per share compared with LKR 5,056,019 or LKR 0.38 per share for the same period a year ago.

For the six months, the company reported revenues of LKR 29,811,385 compared with LKR 21,161,035 for the same period a year ago. Net Profit from Operations was LKR 9,905,867 compared with LKR 4,697,967 for the same period a year ago. Loss from Operations was LKR 15,676,370 compared with LKR 12,762,384 for the same period a year ago. Loss before tax was LKR 8,180,478 compared with LKR 11,583,342 for the same period a year ago. Loss for the period was LKR 8,180,478 or LKR 0.61 per share compared with LKR 11,583,342 or LKR 0.87 per share for the same period a year ago. Net cash out flow from operating activities was LKR 62,567,676 compared with LKR 27,861,903 for the same period a year ago. Acquisition of property, plant & equipment was LKR 8,619 compared with LKR 49,040 for the same period a year ago.

For the quarter, the consolidated company reported revenues of LKR 53,629,577 compared with LKR 404,136,930 for the same period a year ago. Net Profit from Operations was LKR 14,814,456 compared with LKR 54,536,743 for the same period a year ago. Loss from Operations was LKR 15,947,925 compared with LKR 10,668,491 for the same period a year ago. Loss before tax was LKR 2,335,504 compared with profit before tax of LKR 31,770,653 for the same period a year ago. Loss for the period was LKR 2,335,504 or LKR 0.17 per share compared with profit of LKR 31,770,653 or LKR 2.37 per share for the same period a year ago.

For the six months, the consolidated company reported revenues of LKR 144,379,577 compared with LKR 713,981,565 for the same period a year ago. Net Profit from Operations was LKR 25,823,899 compared with LKR 110,345,790 for the same period a year ago. Loss from Operations was LKR 35,567,079 compared with LKR 24,774,088 for the same period a year ago. Loss before tax was LKR 13,304,890 compared with profit before tax of LKR 57,439,628 for the same period a year ago. Loss for the period was LKR 13,304,890 or LKR 0.99 per share compared with profit of LKR 57,439,628 or LKR 4.29 per share for the same period a year ago. Net cash out flow from operating activities was LKR 144,514,693 compared with Net cash flow from operating activities of LKR 166,136,936 for the same period a year ago. Acquisition of property, plant & equipment was LKR 8,620 compared with LKR 6,836,440 for the same period a year ago.