Sales during the quarter went up 70 percent to 997 million rupees, the company said in a stock exchange filing.
Basic earnings per share for the December quarter were 5.26 rupees compared with a loss of 0.23 rupees the year before.
But Kelani Valley Plantations (KVPL) it still ended up with a loss of 43 million rupees in the year ended December 31, 2009 compared with a profit of 276 million rupees the year before.
Sales during 2009 fell eight percent to 2.86 billion rupees compared with the previous year. The company made a loss of 1.25 rupees per share during the 2009 financial year compared with earnings of 8.11 the previous year.
KVPL and Hayleys group chairman Mohan Pandithage said the oil price trend would be critical for the company.
As long as oil prices sustain current levels, rubber prices may reaso