City Housing and Real Estate Company PLC reported unaudited consolidated and parent company earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, on consolidated basis, the company's revenue was LKR 72,506,140 against LKR 149,158,382 a year ago. Net profit from operations was LKR 18,816,501 against LKR 19,590,050 a year ago. Profit from operations was LKR 3,496,631 against LKR 11,241,048 a year ago. Profit before taxation was LKR 2,856,222 against LKR 5,989,405 a year ago. Profit was LKR 2,856,222 or LKR 0.21 per share against LKR 5,989,405 or LKR 0.45 per share a year ago.

For the nine months, on consolidated basis, the company's revenue was LKR 216,885,717 against LKR 861,602,565 a year ago. Net profit from operations was LKR 44,640,400 against LKR 129,935,840 a year ago. Loss from operations was LKR 6,246,549 against LKR 31,952,407 a year ago. Loss before taxation was LKR 10,448,669 against profit of LKR 63,429,033 a year ago. Loss was LKR 10,448,669 or LKR 0.78 per share against profit of LKR 63,429,033 or LKR 4.74 per share a year ago. Net cash outflow from operating activities was LKR 53,026,278 against net cash inflow from operating activities of LKR 180,712,407 a year ago. Acquisition of property, plant & equipment was LKR 35,502 against LKR 17,694,360 a year ago.

For the quarter on parent company basis, the company's revenue was LKR 5,916,140 against LKR 1,986,330 a year ago. Net profit from operations was LKR 3,183,228 against LKR 845,414 a year ago. Loss from operations was LKR 8,692,531 against LKR 7,016,561 a year ago. Loss before taxation was LKR 6,149,712 against LKR 7,430,303 a year ago. Loss was LKR 6,149,712 or LKR 0.46 per share against LKR 7,430,303 or LKR 0.56 per share a year ago.

For the nine months on parent company basis, the company's revenue was LKR 35,727,525 against LKR 21,161,035 a year ago. Net profit from operations was LKR 16,761,009 against LKR 5,543,381 a year ago. Loss from operations was LKR 7,607,892 against LKR 19,778,945 a year ago. Loss before taxation was LKR 10,658,276 against LKR 19,013,645 a year ago. Loss was LKR 10,658,276 or LKR 0.80 per share against LKR 19,013,645 or LKR 1.42 per share a year ago. Net cash used in operating activities was LKR 56,381,124 against LKR 20,378,488 a year ago. Acquisition of property, plant & equipment was LKR 35,502 against LKR 49,040 a year ago.