Sterling Plantations Limited reported unaudited consolidated earnings results for the half year ended December 31, 2012. For the period, the company reported revenue of AUD 430,770 against AUD 193,763 a year ago. Profit before income tax was AUD 9,900,028 against loss before income tax of AUD 5,269,096 a year ago.

Profit for the period is attributable to owners of the parent was AUD 6,835,079 or 10.51 cents per basic and diluted share against loss for the period attributable to owners of the parent of AUD 5,269,096 or 8.11 cents per basic and diluted share a year ago. Net cash flows used in operating activities was AUD 4,107,432 against AUD 5,678,247 a year ago. Purchase of property, plant and equipment was AUD 365,312 against AUD 221,797 a year ago.

Payments for plantation development costs were AUD 1,048,347 against AUD 957,176 a year ago. The profit arose primarily as a result of a net gain arising from changes in the fair value of biological assets of AUD 15,491,510 against AUD 487,471 a year ago.