Odel PLC announced unaudited consolidated and company earnings results for the first quarter ended June 30, 2018. For the quarter, on consolidated basis, the company reported revenue of LKR 1,548,899,089 against LKR 1,661,726,666 for the same period a year ago. Operating profit was LKR 166,005,967 against LKR 144,670,657 for the same period a year ago. Profit before tax was LKR 40,275,948 against LKR 70,520,193 for the same period a year ago. Profit was LKR 21,271,843 against LKR 43,132,587 for the same period a year ago. Profit attributable to owners of the parent was LKR 21,271,843 against LKR 43,132,587 for the same period a year ago. Basic, profit attributable to ordinary equity holders of the parent was 0.08 against 0.16 for the same period a year ago. Net cash used in operating activities was LKR 706,240,019 against LKR 128,041,871 for the same period a year ago. Acquisition of property, plant & equipment was LKR 447,796,618 against LKR 169,257,158 for the same period a year ago. For the quarter, on company basis, the company reported revenue of LKR 1,195,604,297 against LKR 1,293,010,081 for the same period a year ago. Operating profit was LKR 76,905,915 against LKR 75,100,528 for the same period a year ago. Loss before tax was LKR 23,964,470 against profit before tax of LKR 6,439,477 for the same period a year ago. Loss was LKR 23,964,470 against profit of LKR 4,655,806 for the same period a year ago. Basic, loss attributable to ordinary equity holders of the parent was 0.09 against basic, earnings attributable to ordinary equity holders of the parent of 0.02 for the same period a year ago. Net cash used in operating activities was LKR 199,676,088 against LKR 95,214,758 for the same period a year ago. Acquisition of property, plant & equipment was LKR 239,425,573 against LKR 167,204,912 for the same period a year ago.