Mercantile Shipping Company PLC reported audited group and company earnings results for the year ended March 31, 2018. For the year, on group basis, the company reported revenue of LKR 415,058,374 compared to LKR 703,298,702 a year ago. Operating loss was LKR 167,570,420 compared to LKR 157,334,079 a year ago. Loss before tax was LKR 330,993,128 compared to LKR 277,409,414 a year ago. Loss attributable to equity holders of the parent was LKR 330,788 570 or LKR 116.27 per basic and diluted share compared to LKR 279,611,986 or LKR 98.28 per basic and diluted share a year ago. Net cash used in operating activities was LKR 207,301,867 compared to LKR 149,523,234 a year ago. Acquisition of property, plant and equipment was LKR 121,452,047. For the year, on company basis, the company reported revenue of LKR 21,543,486 compared to LKR 20,802,206 a year ago. Operating profit was LKR 2,541,460 compared to loss of LKR 8,001,875 a year ago. Profit before tax was LKR 4,013,664 compared to loss of LKR 8,147,520 a year ago. Profit attributable to equity holders of the parent was LKR 4,218,222 or LKR 1.48 per basic and diluted share compared to loss of LKR 10,350,091 or LKR 3.64 per basic and diluted share a year ago. Net cash used in operating activities was LKR 3,959,050 compared to LKR 932,262 a year ago.