Colombo Land and Development Company PLC reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was LKR 96.01 million compared to LKR 78.83 million a year ago. Net loss was LKR 17.69 million compared to LKR 37.27 million a year ago. Basic loss per share from continuing operations was LKR 0.09 compared to LKR 0.19 a year ago.
For the nine months, sales was LKR 275.48 million compared to LKR 250.29 million a year ago. Net loss was LKR 122.24 million compared to LKR 53.71 million a year ago. Basic loss per share from continuing operations was LKR 0.61 compared to LKR 0.27 a year ago.