Talawakelle Tea Estates PLC Reports Unaudited Company and Group Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 30, 2018 at 11:12 am
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Talawakelle Tea Estates PLC reported unaudited company and group earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on company basis, the company reported revenue of LKR 856.219 million compared to LKR 792.112 million a year ago. Profit from operating activities was of LKR 174.955 million compared to LKR 87.925 million a year ago. Profit before tax was of LKR 178.675 million compared to LKR 74.243 million a year ago. Profit attributable to equity holders of the parent was of LKR 149.949 million or LKR 6.31 per basic share compared to LKR 80.243 million or LKR 3.38 per basic share a year ago.
For the nine months, on company basis, the company reported revenue of LKR 2,906.436 million compared to LKR 2,190.683 million a year ago. Profit from operating activities was of LKR 333.375 million compared to loss of LKR 18.238 million a year ago. Profit before tax was of LKR 333.418 million compared to loss of LKR 59.128 million a year ago. Profit attributable to equity holders of the parent was of LKR 286.847 million or LKR 12.08 per basic share compared to loss of LKR 48.028 million or LKR 2.02 per basic share a year ago. Net cash from operating activities was of LKR 562.114 million compared to LKR 191.199 million a year ago. Purchase of property, plant and equipment was of LKR 70.094 million compared to LKR 30.105 million a year ago.
For the quarter, on group basis, the company reported revenue of LKR 876.360 million compared to LKR 800.129 million a year ago. Profit from operating activities was of LKR 183.340 million compared to LKR 84.056 million a year ago. Profit before tax was of LKR 186.233 million compared to LKR 69.725 million a year ago. Profit attributable to equity holders of the parent was of LKR 153.592 million or LKR 6.47 per basic share compared to LKR 77.759 million or LKR 3.27 per basic share a year ago.
For the nine months, on group basis, the company reported revenue of LKR 2,949.553 million compared to LKR 2,257.880 million a year ago. Profit from operating activities was of LKR 340.338 million compared to LKR 5.461 million a year ago. Profit before tax was of LKR 337.583 million compared to loss of LKR 38.130 million a year ago. Profit attributable to equity holders of the parent was of LKR 288.693 million or LKR 12.16 per basic share compared to loss of LKR 44.095 million or LKR 1.86 per basic share a year ago. Net cash from operating activities was of LKR 566.738 million compared to LKR 226.951 million a year ago. Purchase of property, plant and equipment was of LKR 70.391 million compared to LKR 30.270 million a year ago.
Talawakelle Tea Estates PLC is a Sri Lanka-based plantation company. The Company is engaged in producing and processing of tea. The principal activity of the Company is the cultivation and manufacturing of black tea. The Company also cultivates rubber and cinnamon on a smaller scale. The Company's segments include Tea, Rubber, Cinnamon, Mini Hydro Power, and Others. The types of tea the Company produces are Ceylon Black Tea, Ceylon Green Tea, and Ceylon Speciality Tea. It produces two categories of black teas: Dimbula Tea and Ruhuna Tea. It produces steamed and pan-fried green teas. Specialty tea produced by the Company includes Silver Blossom, Butterfly Blue, Abbotsford Special, Eagleâs Nest, Dragon Ball, Blooming Tea, Jade Delight, Golden Curls, Spirit of Jade, and Flowery Blooms. Its subsidiaries are TTEL Hydro Power Company (Private) Limited and TTEL Somerset Hydro Power (Private) Limited, which are engaged in generating hydro power.
TALAWAKELLE TEA ESTATES PLC 
