Citizens Development Business Finance Ltd. announced earnings results for the third quarter and nine months ended December 2011. For the quarter, the company announced profits fell 25% in the December 2011 quarter to LKR 157 million ($1.4 million) from a year earlier, mainly due to lower non-fund based income. The firm reported earnings of LKR 3.02 for the quarter. For the nine months, the company announced profits rose 28% to $398 million from a year earlier giving earnings of LKR 8.62 per share.