Gross sales rose 26 percent to 13 billion rupees in the period which saw a sharp rise in distribution and administration expenses, according to the results filed with the stock exchange.
According to a segmental analysis of the results, pre-tax profits from the group's beverage business rose to 4.4 billion rupees in the nine months to December 2010 from three billion the year before.
Its telecommunications business turned in a profit of 201 million rupees against a loss of 373 million the previous year.
Distilleries is said to be looking for a buyer for its subsidiary, fixed line operator Lanka Bell.
Distilleries also earned 170 million from plantations management compared with 186 million rupees a year ago. The group's Balangoda Plantations subsidiary produces tea and rubber and its Madulsima Plantations associate produces tea.