Asian Plantations Limited reported audited consolidated earnings results for the year ended December 31, 2012. For the year, the company reported revenue of USD 2,820,000 compared to USD 578,000 a year ago. Loss before taxation was USD 7,072,000 compared to USD 10,833,000 a year ago. Loss for the year was USD 6,879,000 compared to USD 11,555,000 a year ago. Loss per basic and diluted share was USD 14.8 compared to USD 28.2 a year ago. Operating loss was USD 3,591,000 compared to USD 9,101,000 a year ago. Loss for the year attributable to owners of the company was USD 6,879,000 compared to USD 11,555,000 a year ago. Net cash flows used in operating activities was USD 3,969,000 compared to USD 8,311,000 a year ago. Purchase of property, plant and equipment was USD 37,056,000 compared to USD 6,423,000 a year ago.

Asian Plantations Limited (AIM:PALM) is looking forward to review select acquisition opportunities which will complement Asian Plantations existing estates. Asian Plantations said while announcing its audited results for the year ended December 31, 2012.

Asian Plantations Limited provided update regarding its operations. The Company's 60 tonne per hour Fresh Fruit Bunch (FFB) crushing mill has been completed and the boilers will be fired during the week of January 14, 2013. The mill will be expanded, as planned, to its full capacity of 120 tonnes per hour during the course of 2014.