Lanka Cement PLC reported earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported net loss of LKR 4,504,000 or LKR 0.026 loss per share on turnover of LKR 20,787,000 compared to net loss of LKR 3,733,000 or LKR 0.022 loss per share on turnover of LKR 34,502,000 for the same period a year ago. Loss from operations was LKR 4,279,000 compared to LKR 3,615,000 for the same period a year ago.

For six months, the company reported net loss of LKR 9,433,000 or LKR 0.054 loss per share on turnover of LKR 48,942,000 compared to net loss of LKR 6,081,000 or LKR 0.035 loss per share on turnover of LKR 90,317,000 for the same period a year ago. Loss from operations was LKR 9,021,000 compared to LKR 5,774,000 for the same period a year ago. Net cash used in operating activities was LKR 3,257,000 compared to net cash from operating activities of LKR 290,000 for the same period a year ago. Purchase of plant and equipment/shares was LKR 77,000 compared to LKR 563,000 for the same period a year ago. Net asset per share negative was LKR 0.2 against net asset per share of LKR 0.42 in the last year.