Watawala Plantations PLC announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, on consolidated basis, the company reported revenue of LKR 1,650,584,000 compared to LKR 1,457,861,000 a year ago. Operating profit was LKR 271,565,000 compared to LKR 346,148,000 a year ago. Profit before tax was LKR 243,812,000 compared to LKR 321,085,000 a year ago. Profit for the period was LKR 212,100,000 compared to LKR 282,196,000 a year ago. Earnings per share were LKR 0.90 compared to LKR 1.19 a year ago.

For the nine months, on consolidated basis, the company reported revenue of LKR 4,528,535,000 compared to LKR 4,164,082,000 a year ago. Operating profit was LKR 432,680,000 compared to LKR 735,633,000 a year ago. Profit before tax was LKR 361,064,000 compared to LKR 675,159,000 a year ago. Profit for the period was LKR 310,678,000 compared to LKR 589,135,000 a year ago. Earnings per share were LKR 1.31 compared to LKR 2.49 a year ago. Net cash generated from operating activities was LKR 273,410,000 compared to LKR 659,807,000 a year ago. Purchase of property plant and equipment was LKR 225,474,000 compared to LKR 119,268,000 a year ago. Field development expenditure was LKR 244,446,000 compared to LKR 257,301,000 a year ago.

For the quarter, on standalone basis, the company reported revenue of LKR 1,637,339,000 compared to LKR 1,432,443,000 a year ago. Operating profit was LKR 272,869,000 compared to LKR 345,230,000 a year ago. Profit before tax was LKR 245,159,000 compared to LKR 320,513,000 a year ago. Profit for the period was LKR 213,445,000 compared to LKR 281,852,000 a year ago. Earnings per share were LKR 0.90 compared to LKR 1.19 a year ago.

For the nine months, on standalone basis, the company reported revenue of LKR 4,452,461,000 compared to LKR 4,095,247,000 a year ago. Operating profit was LKR 432,289,000 compared to LKR 734,085,000 a year ago. Profit before tax was LKR 360,672,000 compared to LKR 673,611,000 a year ago. Profit for the period was LKR 310,542,000 compared to LKR 588,197,000 a year ago. Earnings per share were LKR 1.31 compared to LKR 2.49 a year ago. Net cash generated from operating activities was LKR 275,833,000 compared to LKR 666,459,000 a year ago. Purchase of property plant and equipment was LKR 225,474,000 compared to LKR 119,268,000 a year ago. Field development expenditure was LKR 244,446,000 compared to LKR 257,301,000 a year ago.