City Housing and Real Estate Company PLC announced consolidated and company unaudited earnings results for the fourth quarter and full year ended March 31, 2014. For the quarter, the company's consolidated revenues of LKR 119,936,975 compared with LKR 30,909,543 for the same period a year ago. Net profit from operations was LKR 23,959,550 compared with LKR 4,159,342 for the same period a year ago. Profit from operations was LKR 11,478,874 compared to loss from operations of LKR 10,589,734 a year ago. Profit before taxation was LKR 12,444,939 compared with loss before taxation of LKR 41,417,084 for the same period a year ago. Profit for the year was LKR 12,444,939 or LKR 0.93 per share compared with loss for the year of LKR 41,417,084 or LKR 3.10 per share for the same period a year ago.

For the full year, the company's consolidated revenues of LKR 339,970,904 compared with LKR 916,441,530 for the same period a year ago. Net profit from operations was LKR 65,451,738 compared with LKR 128,584,452 for the same period a year ago. Profit from operations was LKR 11,511,969 compared to loss from operations of LKR 49,565,972 a year ago. Profit before taxation was LKR 9,640,888 compared with LKR 21,322,294 for the same period a year ago. Profit for the year was LKR 9,640,888 or LKR 0.72 per share compared with LKR 6,916,437 or LKR 0.52 per share for the same period a year ago. Net cash flow used in operating activities was LKR 36,455,499 against net cash flow from operating activities of LKR 234,761,318 a year ago. Acquisition of property, plant & equipment was LKR 607,910 against LKR 17,594,560 a year ago.

For the quarter, on company basis, revenues of LKR 61,272,475 compared with LKR 1,986,330 for the same period a year ago. Net profit from operations was LKR 15,715,950 compared with LKR 1,021,094 for the same period a year ago. Profit from operations was LKR 12,330,234 compared to loss from operations of LKR 7,923,871 a year ago. Profit before taxation was LKR 11,224,733 compared with loss before taxation of LKR 9,183,027 for the same period a year ago. Profit for the period was LKR 11,224,733 or LKR 0.84 per share compared with loss for the year of LKR 9,183,027 or LKR 0.69 per share for the same period a year ago.

For the year, on company basis, revenues of LKR 97,000,000 compared with LKR 46,500,000 for the same period a year ago. Net profit from operations was LKR 32,476,959 compared with LKR 1,053,745 for the same period a year ago. Profit from operations was LKR 4,722,342 compared to loss from operations of LKR 22,718,827 a year ago. Profit before taxation was LKR 78,512 compared with loss before taxation of LKR 23,543,599 for the same period a year ago. Profit for the year was LKR 78,512 or LKR 0.01 per share compared with loss for the year of LKR 30,149,592 or LKR 2.32 per share for the same period a year ago. Net cash flow from operating activities was LKR 33,638,775 against LKR 20,929,820 a year ago. Acquisition of property, plant & equipment was LKR 607,910 against LKR 49,040 a year ago.