J.L. Morison Sons & Jones (Ceylon) PLC announced unaudited company and group earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported revenue of LKR 493,791,000 compared to LKR 506,533,000 a year ago. Operating profit was LKR 23,831,000 compared to LKR 16,652,000 a year ago. Profit before tax was LKR 29,911,000 compared to LKR 23,686,000 a year ago. Profit attributable to equity holders of the parent company was LKR 22,161,000 or LKR 11.74 per basic share compared to LKR 16,686,000 or LKR 8.84 per basic share a year ago. Net cash flows from operating activities were LKR 40,851,000 compared to LKR 32,558,000 a year ago. Acquisition of property, plant and equipment was LKR 521,000 compared to LKR 1,181,000 a year ago.

For the quarter, on group basis, the company reported revenue of LKR 573,459,000 compared to LKR 624,770,000 a year ago. Operating profit was LKR 14,830,000 compared to LKR 33,673,000 a year ago. Profit before tax was LKR 20,911,000 compared to LKR 38,580,000 a year ago. Profit attributable to equity holders of the parent company was LKR 13,110,000 or LKR 6.95 per basic share compared to LKR 29,410,000 or LKR 15.58 per basic share a year ago. Net cash flows from operating activities were LKR 77,829,000 compared to LKR 82,012,000 a year ago. Acquisition of property, plant and equipment was LKR 12,080,000 compared to LKR 1,256,000 a year ago.