Three Acre Farms PLC Announces Unaudited Group and Company Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018
January 30, 2019 at 06:17 am
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Three Acre Farms PLC announced unaudited group and company earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter on group basis, the company reported revenue of LKR 650,332,000 compared to LKR 616,550,000 a year ago. Operating profit was LKR 198,116,000 compared to LKR 209,980,000 a year ago. Profit before tax was LKR 237,826,000 compared to LKR 249,389,000 a year ago. Profit for the period was LKR 218,771,000 compared to LKR 192,205,000 a year ago. Basic earnings per share were LKR 9.29 compared to LKR 8.16 a year ago.
For the quarter on company basis, the company reported revenue of LKR 536,331,000 compared to LKR 482,429,000 a year ago. Operating profit was LKR 177,191,000 compared to LKR 131,787,000 a year ago. Profit for the period was LKR 191,041,000 compared to LKR 114,869,000 a year ago. Basic earnings per share were LKR 8.11 compared to LKR 4.88 a year ago.
For the full year on group basis, the company reported revenue of LKR 2,625,574,000 compared to LKR 2,404,120,000 a year ago. Operating profit was LKR 698,819,000 compared to LKR 675,740,000 a year ago. Profit for the year was LKR 748,809,000 compared to LKR 653,791,000 a year ago. Basic earnings per share were LKR 31.80 compared to LKR 27.77 a year ago.
For the full year on company basis, the company reported revenue of LKR 2,081,952,000 compared to LKR 1,956,729,000 a year ago. Operating profit was LKR 608,475,000 compared to LKR 446,920,000 a year ago. Profit for the year was LKR 648,331,000 compared to LKR 434,770,000 a year ago. Basic earnings per share were LKR 27.54 compared to LKR 18.47 a year ago.
Three Acre Farms PLC is a Sri Lanka-based company. The principal businesses of the Company are selective breeding, hatching and sale of commercial day-old chicks (DOCs), both broiler (for chicken meat) and layer (for the production of table eggs), operation of poultry breeder farms, raising grandparent and parent stock and hatcheries, and commercial broiler farming. The Company has two subsidiaries, namely, Ceylon Pioneer Poultry Breeders Limited (CPPBL), which undertakes the grandparent farm operation and Millennium Multibreeder Farms (Private) Limited (MMF), which employs advanced hatchery techniques in producing broiler day - old chicks (DOCs). The Company operates poultry breeder farms, namely, Meegoda, Kosgama, Halwathura, Aswatta, Ittapana, and Makuluwatta while its subsidiary, MMF, operates from Wewelpanawa. The Company operates commercial broiler farms namely Bulathsinhala, Hijra-A, Hijra-B, and Attanagalla.
THREE ACRE FARMS PLC 
